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2023

Alibaba’s Third Quarter Profits Rebound as Entertainment Losses Contract

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Profits at Alibaba, the Chinese e-commerce and media conglomerate, more than doubled in the three months to December 2022 to reach $6.63 billion (RMB45.7 billion), on revenues that increased by 2% to $35.9 billion (RMB248 billion). The figures, which constitute the third quarter of Alibaba’s current financial year to end March 2023, represent a significant […]














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