Alibaba beats quarterly revenue estimates as COVID curbs ease

Variety
23-02-2023 | 07:53
High views
Share
LBCI
Share
LBCI
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
Alibaba beats quarterly revenue estimates as COVID curbs ease
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
0min
Alibaba beats quarterly revenue estimates as COVID curbs ease

Alibaba Group Holding Ltd (9988.HK) reported better-than-expected quarterly revenue on Thursday, as the Chinese e-commerce giant benefited from the country easing COVID-19 curbs.

The company has weathered a weak economy in China, which only last December lifted its zero-COVID policy after three years.

Revenue rose 2 percent to 247.76 billion yuan ($35.92 billion) for the three months ended Dec. 31, compared with a Refinitiv consensus estimate of 245.18 billion yuan drawn from 23 analysts.
 
China's total retail sales contracted 1.8 percent in December, while its economy grew 3 percent in the full year 2022, one of its worst growth rates in nearly half a century.

Net income attributable to ordinary shareholders was 46.82 billion yuan, up from 27.69 billion yuan in the same quarter one year ago.
 

Alibaba

Beats

Quarterly

revenue

Estimates

COVID

Curb

Eases

Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
LBCI
Lebanon News
2026-05-01

Lebanese president praises workers' resilience on Labor Day

LBCI
World News
2026-01-02

Pope expresses 'compassion' for Swiss fire victims' families

LBCI
News Bulletin Reports
2026-03-17

Israel approves demolition of homes in southern Lebanon amid ongoing tensions

LBCI
Middle East News
2026-05-12

TotalEnergies, QatarEnergy and ConocoPhillips sign deal to review offshore block in Syria

Videos
d-none hideMe
LBCI
Lebanon News
2026-08-06

Lebanon-Israel talks: delegations arrive at US Embassy in Rome — Video

LBCI
Lebanon News
2026-07-24

Residents begin returning to Zawtar el-Gharbiyeh, southern Lebanon: Video

LBCI
Lebanon News
2026-07-20

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

LBCI
Lebanon News
2026-06-26

Lebanon’s ambassador to Washington: trilateral framework agreement first step toward restoring sovereignty

LBCI
Lebanon News
2026-06-26

Rubio on Lebanon-Israel framework agreement: 'beginning of the beginning,' more work needed

LBCI
Lebanon News
2026-06-26

Lebanon, Israel sign trilateral framework agreement after Washington talks attended by Rubio: Video

LBCI
Lebanon News
2026-06-20

Israeli strikes renew on Choukine, Maifadoun, and Nabatieh al-Fawqa in southern Lebanon: Video

LBCI
Lebanon News
2026-06-19

Massive Israeli strikes hit South Lebanon under ceasefire conditions

LBCI
Lebanon News
2026-06-16

Trump criticizes Israel’s Lebanon campaign, says war has gone on ‘too long’ and floats Syria role in conflict

Most read
d-none hideMe
24 hours
7 days
Month
LBCI
Lebanon News
06:12

LBCI sources: Lebanon to hand former Syrian General Adel Issa to Syrian judiciary

LBCI
Lebanon News
10:16

Rain in August? Sudden weather shift surprises Lebanon: Video

LBCI
Lebanon News
12:01

Walla: Israeli military strikes Ali al-Taher heights in southern Lebanon

LBCI
Lebanon News
06:23

Human Rights Watch urges UN to maintain peacekeeping force in South Lebanon

LBCI
World News
04:03

Etna eruption extends closure of Sicily's Catania airport until Saturday

LBCI
News Bulletin Reports
13:19

Wanted for war crimes: Why was retired Syrian Gen. Adel Issa detained in Beirut?

LBCI
News Bulletin Reports
13:10

Diplomacy vs. escalation: Southern Lebanon enters a critical new phase

LBCI
News Bulletin Reports
13:12

Waste crisis or new tax? Lebanon’s environmental fee raises questions

Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
Download now the LBCI mobile app
We use
cookies
We use cookies to make
your experience on this
website better.
Accept
Learn More