Alibaba.com Posts 6% Decline In Q4 Net Profit

Alibaba.com ALBCF posted a 6% drop in its net profit for the fourth quarter. Alibaba.com's quarterly net profit fell to 385.9 million yuan ($61 million), from 410.4 million yuan, in the year-ago period. Its revenue came in at 1.659 billion yuan. Alibaba.com shares closed at $1.63 on Friday.