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Alibaba Touts Post-Virus Rebound While Watching ‘Fluid’ U.S.

  • Net income and revenue both beat estimates in e-commerce boom
  • Alibaba faces competition from rivals like Tencent in long run
Trump Adds to Earnings Threat as Alibaba Challenged in China
Photographer: Gilles Sabrie/Bloomberg
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Alibaba Group Holding Ltd.’s revenue growth returned to levels not seen since the pandemic, fueling hopes of a Chinese economic recovery despite worsening U.S. relations.