Alibaba Sales Growth Almost Back to Pre-Pandemic Levels - THEMARKETTRENDZ

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Thursday, 20 August 2020

Alibaba Sales Growth Almost Back to Pre-Pandemic Levels



Aug.20 -- Alibaba Group Holding Ltd.’s quarterly revenue grew a better than expected 34%, signaling that Chinese consumer sentiment is recovering at a rapid clip from its Covid-19 trough. Meanwhile, the Chinese e-commerce giant offered reassurances that its presence in the U.S. is benign, in a bid to remove itself from the cross hairs of President Donald Trump. Stephen Engle reports on "Bloomberg Daybreak: Asia."
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