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Alibaba

Alibaba

JD posts 11% revenue growth in Q3 and says the worst is over

Chinese e-commerce firm JD posted an 11.4% growth to RMB 243.5 billion ($34.2 billion) in its third-quarter net revenues during the ongoing economic downturn. In comparison, rival Alibaba’s revenue only rose 3% from last year. JD also recorded a net income of RMB 6 billion through cost-saving measures from a…
bubmag
November 21, 2022
Alibaba

Alibaba Delays Primary Hong Kong Listing as Revenue Growth Slows

Your browser does not support the audio element. Hangzhou-based internet giant Alibaba stated on November 17 that it will not complete a primary listing in Hong Kong before the end of the year as initially planned. This delay comes as the firm struggles with slowing growth at home. “Before our…
bubmag
November 18, 2022