Growth in cloud and e-commerce drives Alibaba quarter revenue up 10% – 24HTECH.ASIA


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Growth in cloud and e-commerce drives Alibaba quarter revenue up 10% – 24HTECH.ASIA The Chinese giant achieved revenue of 242.5 million yuan. Image: Getty Images Alibaba Group has reported its latest quarterly earnings for the period ended 31 December 2021, the first since the company unveiled its major restructuring plans at the start of December. Under the restructure, the Chinese internet giant has split its global and domestic e-commerce business into two separate units. During the restructure announcement, Alibaba said it would focus its investment on the “two strategic pillars” to better drive synergies across its consumer and wholesale commerce...