Wednesday 20 November 2019
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Brecorder News - 19 days ago

Alibaba beats quarterly revenue estimates, shares rise

Alibaba primarily earns by selling advertising and promotional services to third-party merchants that list products on Taobao and Tmall. Sales from the company s e-commerce business rose about 40% to 101.22 billion yuan. China s Alibaba Group Holding Ltd reported a better-than-expected 40% rise in second-quarter revenue on Friday, powered by strong growth in its e-commerce and [ ]


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