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Alibaba's quarterly revenue surges despite China's sputtering economy

Alibaba's quarterly revenue surges despite China's sputtering economy
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Alibaba's quarterly revenue beats despite China's sputtering economy

China's Alibaba Group Holding reported its strongest quarterly revenue growth in almost two years on Thursday (Aug 10), boosted by a mid-year shopping festival that attracted bargain hunting consumers amid a sober economic environment. The Chinese e-commerce giant posted first-quarter revenue of 234.16 bil ....

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Alibaba posts strongest quarterly revenue growth in almost two years in Q1

The Chinese e-commerce giant posted first-quarter revenue of $32.29b, up 14% from the prior-year quarter which was hit by strict pandemic lockdowns. ....

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Alibaba's Daniel Zhang to focus on cloud business ahead of expected spinoff

Alibaba Group on Tuesday said its CEO and chairman Daniel Zhang will step down from the roles to focus on its cloud division. ....

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Alibaba CEO and chairman Zhang to resign to focus on cloud business

SHANGHAI - Alibaba Group on Tuesday (June 20) said its CEO and chairman Daniel Zhang will step down from the roles to focus on its cloud division as the Chinese e-commerce giant moves ahead with a plan to split into six business units. Zhang has been concurrently serving in three roles since December when he took over as head of. ....

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