The logo of Alibaba Group Holding is seen at the e-commerce company's headquarters in Hangzhou, Zhejiang province. Photo: Reuters The logo of Alibaba Group Holding is seen at the e-commerce company's headquarters in Hangzhou, Zhejiang province. Photo: Reuters
The logo of Alibaba Group Holding is seen at the e-commerce company's headquarters in Hangzhou, Zhejiang province. Photo: Reuters

Alibaba posts 124 per cent gain in quarterly profit, sees China retail back to pre-pandemic levels

  • Revenue hit US$21.8 billion in the June quarter, up 34 per cent from a year ago, on the back of its China online retail and cloud computing businesses
  • Net income reached US$6.7 billion, mainly on gains made from equity investments

Topic |   US-listed Chinese stocks
The logo of Alibaba Group Holding is seen at the e-commerce company's headquarters in Hangzhou, Zhejiang province. Photo: Reuters The logo of Alibaba Group Holding is seen at the e-commerce company's headquarters in Hangzhou, Zhejiang province. Photo: Reuters
The logo of Alibaba Group Holding is seen at the e-commerce company's headquarters in Hangzhou, Zhejiang province. Photo: Reuters
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