KQED Nightly Business Report August 28, 2014
Called the amazon of china with a little bit of google mixed in. You cant buy or sell it yet, but this giant Chinese Tech Company is expected to launch a huge public Stock Offering in a few weeks, and the shares will trade on the New York Stock Exchange. Investors around the world are waiting eagerly for this ipo. And today they got some fresh Financial Information about this tech success story. In a filing with the securities and Exchange Commission, aly baba revealed that its profits nearly tripled and its revenue surged last quarter. Also, the company said its investing in more businesses w...