Quarterly sales growth at Alibaba’s main shopping business has rebounded, cloud computing is growing nearly twice as fast and fintech affiliate Ant is on track for an epic IPO. Boss Daniel Zhang has plenty to tout, writes mak_robyn:
Chinese e-commerce company Alibaba on Aug. 20 reported revenue in the three months to June of 154 billion yuan , an increase of 34% from the same period last year. Annual active customers from the company's retail operations in China reached 742 million.
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