E-commerce giant Alibaba Group (BABA) wrapped the June quarter with broad-based revenue growth, sending the company’s stock higher in premarket trading Thursday. While net profit was impacted by stock-based compensation expenses, adjusted earnings increased modestly. Earnings, on an adjusted basis, were 8.04 yuan per share (US$1.22 per share), up from 7.95 yuan per share reported … Continue reading Alibaba rises on Q1 revenue beat, despite China concerns