Alibaba (BABA) Tops Q2 EPS by 55c, Revenues Fall Short

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Alibaba Group Announces September Quarter 2020 Results

November 5, 2020 6:45 AM EST

HANGZHOU, 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 September 30, 2020.

Alibaba had another strong quarter. We continued to help businesses recover and find new opportunities for growth through digitalization in the post-pandemic landscape. The solid performance of our core commerce and robust growth of Alibaba Cloud are the direct results of our commitment to value creation for customers, said Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group. We remain focused on our three long-term growth engines domestic consumption, cloud computing and data... More