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$BABA 1Q16 PR: GMV transacted on China retail marketplaces was US$109Bil, an increase of US$28Bil or 34% YoverY. Mobile GMV reached US$60Bil, an increase of 125% YoverY, and accounted for 55% of total GMV transacted on China retail marketplaces.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.