In what might be the final financial report before Alibaba Group Holding Ltd. goes public, the company on Wednesday said first-quarter net income nearly tripled as mobile revenues helped to fuel its e-commerce growth in China.
Alibaba’s first-quarter report came on the same day that Reuters reported China’s Dalian Wanda Group is set to launch an e-commerce venture with Tencent Holdings Ltd. and Baidu Inc.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)