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Alibaba Q4 Beats Analysts' Expectations

  • Reuters, Friday, May 22, 2020 9:30 AM
During its fiscal fourth-quarter revenue, Chinese ecommerce giant Alibaba beat analysts’ expectations, Reuters reports. “As people stayed indoors and brick-and-mortar stores remained shut during the health crisis, online orders surged, with the company’s core commerce business rising nearly 19% to [$13.16 billion] in the quarter,” it writes.

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