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Alibaba presents surprisingly stable figures

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Published: August 5th, 2022,
Last updated: August 8th, 2022

Good news for the Chinese online giant Alibaba: The Amazon counterpart has maintained a stable sales level – despite analysts’ expectations. Revenues for the second quarter were the equivalent of just under €29.9 billion, similar to the previous year’s figure. The Wall Street-listed stock rose 5.1 percent in pre-market trading.

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