Bloomberg Television
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Alibaba Takes a Step Toward Comeback as Growth Returns
Posted
August 11, 2023
Views
3,101
Likes
40
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Engagement
August 11, 2023
3,101
40
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2:09Now PlayingAlibaba Group Holding Ltd. shares jumped in US trading. China's tech giant returned to growth across all its main divisions. The online shopping leader reported a better-than-expected 14% rise in revenue during a quarter when the world’s No. 2 economy struggled to gain momentum after years of Covid Zero restrictions. Bloomberg Intelligence's Catherine Lim shares her views on the results on Bloomberg Television.
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