Alibaba’s chief executive Daniel Zhang comments on the site’s fall in sales of clothing, accessories and home furnishings in the first quarter. By contrast the e-commerce giant saw sharp rises in grocery sales and cloud computing revenues, with overall quarterly revenues up 22% to Rmb114.3 billion ($16 billion).
© ChinTell Ltd. All rights reserved.
Sponsored by HSBC.
The Week in China website and the weekly magazine publications are owned
and maintained by ChinTell Limited, Hong Kong. Neither HSBC nor any member of the HSBC group of companies ("HSBC") endorses the contents and/or is
involved in selecting, creating or editing the contents of the Week in China website or the Week in China magazine. The views expressed in these
publications are solely the views of ChinTell Limited and do not necessarily reflect the views or investment ideas of HSBC. No responsibility will
therefore be assumed by HSBC for the contents of these publications or for the errors or omissions therein.
Download Apps