Alibaba enjoys highest revenue surge since September 2021

  • Chinese online-marketplace, Alibaba, reports a year-on-year revenue growth of 14% for the quarter ending June 30.
  • Key drivers were a 12% revenue rise in the Taobao and Tmall Group and a 60% surge in international commerce retail.
  • Net income for the period was 34.33 billion yuan, exceeding expectations, boosting Alibaba’s U.S. traded shares by 4.5% in premarket trading.
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