21 August 2020
Alibaba has announced its Q1 results for quarter ended June 30, 2020. Total revenue was up 34% to CNY153.8bn (US$21.8bn) YoY.
Operations in China ‘fully recovered’
In a press release, Maggie Wu, Alibaba’s Chief Financial Officer, said, “Our domestic core commerce business has fully recovered to pre-COVID-19 levels across the board, while cloud computing revenue grew 59% year-over-year. Our...