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Alibaba quarterly sales up 37%, cloud computing contributes first profit

Tuesday 2 February 2021 | 15:34 CET | News
Alibaba reported revenue for the December quarter up 37 percent year-on-year to CNY 221.1 billion (USD 33.9 billion). The company said the buoyant Chinese economy supported healthy demand for its e-commerce and cloud computing products and it also benefitted from the takeover of retailer Sun Art from October.

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Categories: Internet
Companies: Alibaba
Countries: China
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