Jack Ma's Alibaba posts 47% rise in profit at $10 bn in FY18
Jack Ma-led Chinese e-commerce giant Alibaba has posted a 47% rise in net profit at $10.2 billion in the financial year ended March 31. The overall revenue rose 58% year-on-year to $39.8 billion for the same period, according to the company's Chief Financial Officer Maggie Wu. Further, the company also posted an annual free cash flow of $15.8 billion.