Alibaba issues upbeat annual forecast on strong e-commerce trend

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Alibaba revenue tops expectation on pandemic-driven online boom

REUTERS -China's top e-commerce platform Alibaba Group Holding Ltd on Thursday forecast 2022 revenue above market expectations, betting that the broader pandemic-driven shift to online shopping will remain resilient.

Alibaba forecast annual revenue to be 930 billion yuan for the fiscal year ended March 2022, above analysts' average estimate of 928.25 billion yuan.

 

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