Jack Ma
Brands E-commerce & Marketplaces News

Alibaba Reports Higher-than-anticipated Quarterly Revenue

Alibaba Group Holding announced higher-than-expected quarterly revenue on Thursday, as the Chinese e-commerce giant benefitted from the country’s relaxation of Covid-19 restrictions. The firm has withstood China’s sluggish economy, which just loosened its zero-COVID policy last December after three years. Sales increased 2 per cent to 247.76 billion yuan (USD 35.92 billion) in the fiscal […]

Read More