<HoloBase Weekly> Alibaba's Q1 revenue reached RMB153.7 billion: what is the growth engine?

Aug 25, 2020 Alibaba Group

Tech Spotlight

Alibaba's Q1 revenue reached RMB153.7 billion: what is the growth engine?

On the evening of August 20, Alibaba announced its fiscal first quarter (April to end of June 2020) financial results. According to the report, Alibaba's revenue in the first fiscal quarter was 153.75 billion yuan, up 34% from the same period last year. Non-GAAP net profit was 39.47 billion yuan, up 28% year-on-year.

 

Tencent's business strength emerges in its second-quarter financial results

On August 12, Tencent released its second-quarter financial results. According to the data disclosed in the financial report, Tencent's revenue in the second quarter of 2020 was 114.883 billion yuan, up 29% year-on-year…

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