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ALIBABA REPORTS HUGE QUARTERLY PROFITS EVEN AS BEIJING STIRS TROUBLE

Published On 04 Feb 2021 03:18 AM


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  • Alibaba reported big quarterly earnings in profits for its e-commerce business. However China's most prosperous tech firm had nervousness writ large on faces of investors on Tuesday.
  • This was due to a regulatory crackdown by Beijing followed by co-founder Jack Ma's bad showing amongst top echelons which cast a shadow over its future.

The company reported a 37% jump in revenue for the quarter ended D....


Tags : alibaba, jack ma, refinitiv, shanghai securities journal, pony ma, tencent, huawei, ren zhengfei,
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