3.2.2021 | Alibaba beats Wall Street Estimate Revenue of 214.38 Billion Yuan
According to Reuters, Alibaba – The Online Business of China’s Billionaire Jack Ma is reportedly beat Wall Street estimates for third-quarter revenue.
Alibaba’s online businesses are booming especially in the COVID times as many of the people have to rely on online shoppings to buy groceries and other stuffs. The revenue was said to be increased by 37%။
The total revenue gained was 221.08 billion yuan ($34.24 billion) in the three months ended Dec. 31, and Wall Street estimates of 214.38 billion yuan.