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Added on the 02/02/2021 13:00:00 - Copyright : EFE Inglés
Shanghai (China), Jul 21 (EFE / EPA) .- (Camera: Aleksandar Plavevski) Ant Financial, a tech-financial subsidiary of Chinese e-commerce giant Alibaba, announced it is preparing simultaneous IPOs in the Hong Kong and Shanghai parks.FOOTAGE OF ALIBABA IN SHANGHAI.
A 59% revenue bump and nearly $5 billion for the quarter. Things could be worse for Alibaba right now, but it's still not entirely smooth sailing. As Ryan Brooks explains, the company is keeping quiet about a sensitive subject that could have negative repercussions down the line.
Chinese Internet giant Alibaba is expected to report earnings on Tuesday for July-September with revenue growth likely to have halved compared to the same quarter last year. Meg Teckman reports.
The Chinese e-commerce giant's quarterly revenue grew 45 percent. The company named a new CEO but didn't say why it's making the change. Fred Katayama reports.
The Chinese e-commerce giant addded 29 million mobile users in the latest quarter. That's more than the population of Texas. Fred Katayama reports.