15 August 2019
Alibaba has announced its financial results for the first quarter ended June 30, 2019. Total revenue was up 42% to CNY114,924m (US$16,741m) YoY.
Continue to invest in technology
In a press release, Daniel Zhang, Alibaba’s CEO, said, “ We will continue to expand our customer base, increase operating efficiency and deliver robust growth. With strong cash flow from our core commerce business...