Alibaba has doubled its profit
One of the largest Chinese online stores Alibaba has published its results for the completed fiscal year. According to the company, Alibaba's net profit doubled, increased by $9.8 billion thanks to successful foreign investment. The continued growth in profits was directly attributable to record revenues in e-commerce and cloud technology, which increased by 62% and 103%. Positive news immediately affected the value of Alibaba shares, which has already risen by 3.42% and continues to grow rapidly. Let us recall, the asset will be available for trading during the American session from 13:40 to 20:00 GMT.The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions