A logo of Ant Group is pictured at the headquarters of the company in Hangzhou, China October 29, 2020. Photo: Reuters A logo of Ant Group is pictured at the headquarters of the company in Hangzhou, China October 29, 2020. Photo: Reuters
A logo of Ant Group is pictured at the headquarters of the company in Hangzhou, China October 29, 2020. Photo: Reuters

Inside China Tech: Alibaba weighs Ant impact while 5G struggles to gain ground

  • Alibaba reported revenue of 155.1 billion yuan (US$22.8 billion) in its financial second quarter, up from 119 billion yuan a year ago
  • By mid-October, China had 160 million devices connected to 5G networks, according to MIIT

Topic |   China technology
A logo of Ant Group is pictured at the headquarters of the company in Hangzhou, China October 29, 2020. Photo: Reuters A logo of Ant Group is pictured at the headquarters of the company in Hangzhou, China October 29, 2020. Photo: Reuters
A logo of Ant Group is pictured at the headquarters of the company in Hangzhou, China October 29, 2020. Photo: Reuters
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