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Alibaba revenue, profit beat as online sales surge during lockdown

Updated : May 22, 2020 05:52 PM IST

As people stayed indoors and brick-and-mortar stores remained shut during the health crisis, online orders surged, with the company's core commerce business rising nearly 19% to 93.87 billion yuan ($13.16 billion) in the quarter.
Alibaba's overall revenue rose to 114.31 billion yuan ($16.02 billion) in the quarter ended March 31 from about 93.50 billion yuan a year earlier.
Alibaba revenue, profit beat as online sales surge during lockdown

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