E-commerce giant Alibaba's sales increase

» Published: November 15 2024

E-commerce giant Alibaba's sales increase
Photo: Andy Wong/AP/TT

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The Chinese e-commerce giant Alibaba reports a revenue increase of five percent to approximately 350 billion kronor for the second quarter.

It was somewhat lower than expected.

The adjusted profit after tax fell by nine percent to 55 billion kronor, compared to the same period last year. The profit decline was, however, somewhat smaller than expected.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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