Alibaba: Third Quarter Profits Rebound, Entertainment Losses Contract

Winford Hunter

Profits at Alibaba, the Chinese e-commerce and media conglomerate, a lot more than doubled in the three months to December 2022 to arrive at $6.63 billion (RMB45.7 billion), on revenues that improved by 2{9141b9fb46ef1fe08e850cdf18333f9b19cbfd00ac04c9f49c95b0632da46ee3} to $35.9 billion (RMB248 billion). The figures, which constitute the 3rd quarter of Alibaba’s existing economic […]