revenue exceeds expectations in Q4 with strong sales of low-cost products
By Reuters Translated by Roberta HERRERA Published May 14, 2024 Chinese conglomerate Alibaba Holding reported a 7% increase in fourth-quarter revenue, surpassing expectations, driven by the growth in low-cost product sales. Reuters The revenue amounted to 221.87 billion yuan (28.41 billion euros) for the three months ending March 31, compared to an estimate of 219.66 [...]read morerevenue exceeds expectations in Q4 with strong sales of low-cost products