Jessica Goodfellow
Nov 4, 2019

Alibaba profit nearly triples on 40% revenue rise

International ecommerce, cloud computing, and video streaming all contributed to another strong quarter for Alibaba.

The ongoing trade tensions between China and the US have not hurt the People’s Republic’s biggest ecommerce company. Quite the opposite Alibaba reported a 40% jump in revenue and nearly tripled profit in its last quarter, as it heads into its 20th anniversary with a star-studded stadium party headlined by Taylor Swift.

The internet giant posted revenue of RMB119 billion US$16.7 billion in the quarter ended September 30, an increase of 40%...

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