Alibaba’s quarterly figures flout tough trading environment
The results show the company is weathering an increasingly competitive e-commerce industry as revenue rose 42% in its first quarter
15 August 2019 - 14:49
Bengaluru/Shanghai — China’s Alibaba Group Holding reported better-than-expected quarterly revenue and profit on Thursday, aided by growth in its e-commerce and cloud computing businesses.
The results show the company is managing to outperform expectations even as it weathers an increasingly competitive e-commerce industry and a tougher macro-economic environment...
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