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Chinese e-commerce company $BABA said there are now 423MM shoppers who have bought something in the company's China retail platform in the past year and 410MM active mobile users during the month of March. In FY16, on the strength of $BABA's core business, the company delivered $8Bil in free cash flow.
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.