China’s Alibaba Says Business Is Back to Normal, Quarterly Profits Hit $5.6 Billion

Alibaba, Chinese e-commerce and entertainment giant, says that  the worst of the economic fallout from the coronavirus is now behind it. Indeed, the health and economic crisis is accelerating digital transformation. The company revealed a 34% surge in revenues and net profits between April and June, the first quarter of its new financial year, climbed […]