Alibaba: There's a trade war going on? Could've fooled us – just check out these swollen digits

Alibaba: There's a trade war going on? Could've fooled us – just check out these swollen digits

5 years ago
Anonymous $ZuTig1gZkQ

https://www.theregister.co.uk/2019/08/16/alibaba_results/

Alibaba, China's nearest equivalent to Amazon, is weathering the "uncertain economic" landscape caused in part by the "trade war" between the US and Middle Kingdom governments.

The group reported Q1 revenues of ¥114.924bn ($16.751bn) for the three months to 30 June fiscal '20, up a whopping 42 per cent year-on-year. There was an upward swing recorded across all of its divisions, though the online retail, food delivery services and cloud services were the big growth drivers.

Alibaba: There's a trade war going on? Could've fooled us – just check out these swollen digits

Aug 16, 2019, 5:21pm UTC
https://www.theregister.co.uk/2019/08/16/alibaba_results/ > Alibaba, China's nearest equivalent to Amazon, is weathering the "uncertain economic" landscape caused in part by the "trade war" between the US and Middle Kingdom governments. > The group reported Q1 revenues of ¥114.924bn ($16.751bn) for the three months to 30 June fiscal '20, up a whopping 42 per cent year-on-year. There was an upward swing recorded across all of its divisions, though the online retail, food delivery services and cloud services were the big growth drivers.