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Alibaba reports solid earnings beat, revenue rises most since Sept. 2021

Alibaba reports solid earnings beat, revenue rises most since Sept. 2021

Alibaba Group sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. 

Aly Song | Reuters

Chinese e-commerce giant Alibaba on Thursday said revenue grew by 14% year on year in the quarter ended June 30. That’s the biggest annual increase in sales since the September 2021 quarter, according to Refinitiv data.

The company’s U.S.-traded shares rose by 4.5% in premarket trading.

Here’s how Alibaba did in…


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