Alibaba revenue $2.74B vs $2.61B estimate

In the first quarterly report after Alibaba Group' s initial public offering, analysts polled by Reuters had expected the firm to post earnings of 45 cents a share on revenue of $2.61 billion. Both brought in a combined $5.7 billion in sales on China's Singles' Day on November 11 in 2013.. In June, Alibaba launched a similar e-commerce site in the United States...