People ride a double bicycle past a logo of The Alibaba Group at the company’s headquarters on the outskirts of Hangzhou, Zhejiang province, China. — Reuters picSHANGHAI, May 13 — China’s top e-commerce platform Alibaba Group Holding Ltd reported a forecast-beating 64 per cent surge in quarterly revenue today, as more people shopped online due to the coronavirus pandemic.
Net loss attributable to ordinary shareholders was 5.48 billion yuan, or 1.99 per American depository share , compared with a profit of 3.16 billion yuan, or 1.16 yuan per ADS, a year earlier.
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