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Alibaba issues upbeat annual forecast on strong e-commerce trend China s top e-commerce platform Alibaba Group Holding Ltd reported a forecast-beating 64per cent surge in quarterly revenue on Thursday, as more people shopped online due to the coronavirus pandemic.
FILE PHOTO: The logo of Alibaba Group is seen at its office in Beijing, China January 5, 2021. REUTERS/Thomas Peter/File Photo GLOBAL BUSINESS WEEK AHEAD 2 related media assets (image or videos) available. Click to see the gallery.
13 May 2021 07:41PM (Updated:
13 May 2021 08:05PM) Share this content
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REUTERS -China s top e-commerce platform Alibaba Group Holding Ltd on Thursday forecast 2022 revenue above market expectations, betting that the broader pandemic-driven shift
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May 13, 2021 12:37 PM UTC Alibaba Group Holding Ltd. s annual-average-customer measure for its Chinese retail marketplaces for the 12 months ending in March was 811 million, an increase of 32 million compared with the 12 months that ended on Dec. 31. Alibaba Posts Quarterly Loss as Fine in China Hits Bottom Line, published at 7:59 a.m. ET, incorrectly said the increase of 32 million was relative to the year ending in March 2020. (END) Dow Jones Newswires Sponsor Center