HANGZHOU: China's Alibaba Group Holding beat quarterly revenue and profit estimates on Thursday (Aug 20), as its core commerce and cloud computing ...
HANGZHOU: China's Alibaba Group Holding beat quarterly revenue and profit estimates on Thursday , as its core commerce and cloud computing businesses benefited from the coronavirus-led shift to online shopping and working from home.Advertisement
The White House has been piling pressure ahead of the presidential election in November and financial markets are watching for signs of whether it will lead to further tit-for-tat moves that could hit a global recovery. On Monday, JD.com beat analysts' estimates for quarterly sales, while Pinduoduo is expected to report second-quarter results on Friday.
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