Alibaba shares soar as market looks past the company’s record $41 billion spending spree in 2018

Business News
Alibaba shares soar as market looks past the company’s record $41 billion spending spree in 2018
Alibaba spent a record 278.8 billion yuan, or $41.6 billion, on various areas of business from original content to product development, which it hopes will set it up for future growth.