Alibaba Continues to Grow, Aided by a Strong Chinese Recovery. The Stock Is Falling.


Source: barrons.com barrons.com

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Alibaba posted revenue-beating analyst expectations on Thursday. Agence France-Presse/Getty Images Internet giant Alibaba Group Holding ’s core e-commerce business continued to grow in the last quarter, as China recovers from the coronavirus economic crisis, though the company reported another operating loss in its closely watched cloud-computing division. Group revenue rose 30% to 155.1 billion yuan ($22.8 billion) in the three months to Sept. 30, beating analysts’ estimates. Alibaba’s U.S.-listed shares (ticker: BABA) fell 3.9% in premarket trading on Thursday. The back story. E-commerce companies have been one of the coronavirus pandemic’s business success stories, and Alibaba, based in Hangzhou and...