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ALIBABA’S TURN TO REJOICE AMIDST STUNNING PROFITS AND IPO BLACKLISTING

Published On 05 Nov 2020 03:41 PM

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Chinese e-commerce leader Alibaba on Thursday registered 30% year-on-year revenue growth for the July-September quarter, finally delivering some heartening news amidst turmoil over its Ant Group affiliate's abandoned IPO.
Hangzhou-based Alibaba stated revenue -- a pivotal measure of the internet giant's business health as well as overall Chinese consumer spending – increased to 155 billion yuan ($23 billion).
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Tags : Alibaba, Ant Group, Alipay. Hangzhou-based, Billionaire co-founder, Jack Ma, Chinese regulators,

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