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CTI 83: Earnings, Baidu, Tencent and Alibaba with Michael Norris
China Tech Investor
The Share Price Is Almost a Million Dollars, but That's How Things Go
The share price has almost entirely been wiped out, unfortunately. The operating income now sits at 577 million us. Dollars for the quarter. A big chunk of those losses are included a substantial riht down in the fair value of bido's investment in quashop. And so while there may be some topline growth there, once look under the fold, you see some large increases in expenses,. See some of the value of a investments being written off.
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