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Alibaba.com to raise its spending on staff
- Source :
- Wall Street Journal. Europe. March 20, 2009, A6
- Publication Year :
- 2009
-
Abstract
- China's Alibaba.com Ltd. reports a 57% fourth-quarter net profit drop to 199.4 million yuan, and a 27% increase in revenue to 805.9 million yuan. Fourth-quarter operating profit dropped to 22% from last year's 29%. The company's 2008 full-year net profit rose 25% to 1.21 billion yuan. In 2009, Alibaba.com plans to hire between 2,000 and 3,000 new employees, raising staff costs by 25% to 30%.
- Subjects :
- Alibaba.com Ltd. -- Company sales and earnings
Alibaba.com Ltd. -- Planning
Alibaba.com Ltd. -- Finance
Alibaba.com Ltd. -- Human resource management
Computer services industry
Computer services industry
Company earnings/profit
Company business planning
Company financing
Company personnel management
Banking, finance and accounting industries
Business
Business, international
Subjects
Details
- Language :
- English
- ISSN :
- 09219986
- Database :
- Gale General OneFile
- Journal :
- Wall Street Journal. Europe
- Publication Type :
- News
- Accession number :
- edsgcl.196222683