Alibaba (BABA) Tops Q1 EPS by 12c, Revenue Rises 34%
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Alibaba Group Announces June Quarter 2020 Results
August 20, 2020 6:37 AM EDTHANGZHOU, China--(BUSINESS WIRE)-- Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988, Alibaba or Alibaba Group) today announced its financial results for the quarter ended June 30, 2020.
Alibaba delivered excellent results this past quarter. We were well positioned to capture growth from the ongoing digital transformation, which has been accelerated by the pandemic, in both consumption and enterprise operations, said Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group. We mobilized our entire digital infrastructure to support the economic recovery of businesses across a wide range of sectors, while broadening and diversifying our consumer base by addressing their changing... More
