Technology
Chinese technology shares jump as Alibaba sales exceed forecasts | Technology sector
Chinese technology shares jumped after strong results from internet companies, including better-than-expected sales at the e-commerce firm Alibaba despite an economic slowdown driven by Beijing’s Covid-19 lockdowns. The Hangzhou-based company beat analysts’ forecasts with its sales and profit figures for the first quarter despite a weakening economy, and it did better than local rivals such […]
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