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Update: Alibaba Sales Boom on Back of New Grocery Acquisition

2021年02月03日 20:35 来源于 财新网
Despite recent clampdowns, fourth-quarter revenue jumps 37%, fueled by recent purchase of Sun Art
Alibaba’s cloud division reported its first positive adjusted earnings before interest, tax and amortization, a milestone for the growing business.

Alibaba Group Holding Ltd.’s fourth-quarter sales beat expectations on strong contributions from a recently acquired grocery chain and strong growth for other new businesses, offering a boost for a company grappling with a regulatory crackdown on Jack Ma’s tech empire.

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