Saturday 5 December 2020 ,
Saturday 5 December 2020 ,
Latest News
16 August, 2019 00:00 00 AM
Print

Alibaba revenue jumps in Q1

AFP, Beijing

Chinese e-commerce giant Alibaba said yesterday that first quarter revenue beat analyst estimates, defying a slowing economy and a trade war with the United States.

Revenue for the April-June period rose 42 per cent year-on-year to 114.9 billion yuan ($16.7 billion), a company statement said.

Joe Tsai, Alibaba's Executive Vice-Chairman, attributed the results to China's demographic trends and continued urbanization, pointing to the growing urban middle class willing to shell out for brands on Alibaba's e-commerce platforms.

 

Comments


Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting