Alibaba received a $192,000 penalty for pricing during the past two Singles’ Day sales.
Second quarter revenue for Digital River, an e-commerce platform and services provider, fell 1.8% compared to a year earlier. Net income was down 10.6% from a year ago.
Revenue and income slipped in the second quarter for Digital River Inc., an e-commerce platform and services provider, compared to a year ago, the company reported this week.
- Second quarter revenue fell 1.8% to $96.6 million from $98.4 million a year earlier.
- GAAP net income dropped 10.6% to $11.8 million from $13.2 million a year ago.
Year-to-date results were similar:
- Sales were down 1.2% to $199.5 million from $202.0 million a year ago.
- Net income was down 10% to $28.3 million from $31.5 million.