Alibaba beats revenue estimates with strong year-end sales

Alibaba beats revenue estimates with strong year-end sales

FILE PHOTO: Shopping trolley is seen in front of Alibaba logo in this illustration, July 24, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

Alibaba on Thursday reported third-quarter revenues just above analysts’ estimates on strong yearend sales, showing that the e-commerce group’s strategy to attract cost-conscious consumers has helped to revive its performance.

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