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Media Losses Narrow as Booming Alibaba Scores $4 Billion Quarterly Profits

Losses narrowed at the digital entertainment and media activities of Chinese e-commerce giant Alibaba in the second quarter of its financial year. Results at group level underline how far the China has already recovered since the COVID-19 pandemic and how far the rebound has favored the digital economy. Alibaba reported a group revenue increase of […]

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