Alibaba sales beat estimates in the three months ended December, with revenue of $34.2B, up 37% YoY, and net income of $12.23B, up 52% YoY (Coco Liu/Bloomberg)

Divvy, which buys and rents homes while setting aside ~25% of monthly payments toward the renter's future down payment on the house, raises $110M Series C (Mary Ann Azevedo/TechCrunch)