News Snapshot:
13 hours ago Business News A logo of Alibaba Group is seen at an exhibition during the World Intelligence Congress in Tianjin, China May 16, 2019. REUTERS/Jason Lee Chinese e-commerce giant Alibaba saw profits jump over the last three months of 2020 as economic activity returned in China and online spending continued apace. In the third quarter of its staggered fiscal year, the Wall Street-listed group reported a profit of 79 billion yuan ($12.2 billion) on Tuesday, up 52 percent year-on-year. That came after a fall of 60 percent in the previous quarter. x Sales for the period was up...
