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Infographic: Key highlights of Alibaba (BABA) Q4 2020 earnings results

Chinese e-commerce giant Alibaba Group (NYSE: BABA) reported a 22% increase in its revenue for the fourth quarter of 2020 backed by solid performance of its domestic retail businesses as well as robust cloud computing revenue growth. This is despite a challenging quarter due to reduced economic activities in light of the COVID-19 pandemic in China.

The pandemic has fundamentally altered consumer behavior and enterprise operations, making digital adoption and transformation a necessity. Although the pandemic negatively impacted most of the domestic core commerce businesses starting in late January, the company has seen a steady recovery since March.

Based on the current view of Chinese domestic consumption and enterprise digitization, the company expects to generate over RMB650 billion in revenue in fiscal 2021.

Past Performance

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