Alibaba Stock Jumps as Results Surpass Estimates

KEY TAKEAWAYSShares of Alibaba Group listed in the U.S. are jumping in premarket trading Thursday after the Chinese tech and e-commerce giant reported quarterly results that beat estimates.The company said revenue in its December quarter rose 7.6% to 280.15 billion Chinese yuan ($34.45 billion) year-over-year. Alibaba shares have risen 70% in the past year. Shares of Alibaba Group (BABA) listed in the U.S. are jumping more than 10% in premarket trading Thursday after the Chinese tech and e-commerce giant re ...