A screen displays the transaction volume of Alibaba Group Holding’s 24-hour Singles' Day shopping festival at the company's headquarters in Hangzhou, Zhejiang province, on November 12, 2019. Photo: Reuters A screen displays the transaction volume of Alibaba Group Holding’s 24-hour Singles' Day shopping festival at the company's headquarters in Hangzhou, Zhejiang province, on November 12, 2019. Photo: Reuters
A screen displays the transaction volume of Alibaba Group Holding’s 24-hour Singles' Day shopping festival at the company's headquarters in Hangzhou, Zhejiang province, on November 12, 2019. Photo: Reuters

Alibaba sees 2021 sales topping US$91 billion on back of China recovery, more enterprises going digital

  • The Chinese e-commerce giant beat estimates to post a 22 per cent increase in revenue to US$16.1 billion in the March quarter, despite the coronavirus disruptions
  • The Hangzhou-based company reached a historic milestone of US$1 trillion in gross merchandise value during the year ended March 31

Topic |   US-listed Chinese stocks
A screen displays the transaction volume of Alibaba Group Holding’s 24-hour Singles' Day shopping festival at the company's headquarters in Hangzhou, Zhejiang province, on November 12, 2019. Photo: Reuters A screen displays the transaction volume of Alibaba Group Holding’s 24-hour Singles' Day shopping festival at the company's headquarters in Hangzhou, Zhejiang province, on November 12, 2019. Photo: Reuters
A screen displays the transaction volume of Alibaba Group Holding’s 24-hour Singles' Day shopping festival at the company's headquarters in Hangzhou, Zhejiang province, on November 12, 2019. Photo: Reuters
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