Alibaba Keeps An Upward Trend

E-commerce giant Alibaba on Friday reported fiscal-fourth-quarter earnings that were better than analysts had expected. Alibaba shares gained more than 4% ahead of Friday's opening bell. They surged 6% this year through the market close on Thursday. Annual active users climbed by 37 million to 552 million while mobile monthly active users jumped by 37 million to 617 million.