Alibaba (BABA) Tops Q3 EPS by 12c

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Alibaba Group Announces December Quarter 2020 Results

February 2, 2021 7:02 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 December 31, 2020.

China was the only major economy to achieve positive GDP growth last year. Thanks to the rapid recovery of Chinas economy, Alibaba had another very healthy quarter, said Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group. We achieved another successful 11.11 Global Shopping Festival by stimulating consumption, satisfying consumer demands and supporting the business recovery of merchants in response to the impact of the pandemic. Our cloud computing business continues to expand market... More