Alibaba Revenues Soar But Ant Group Float Uncertain

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The company founded by Jack Ma saw revenues up 37% against the same quarter of 2019 to 221bn yuan ($34.2bn, £25bn).

But the results come amid continued uncertainty over the company’s financial affiliate Ant Group.

Alibaba said it was “unable to complete a fair assessment” of the impact of Ant’s stalled share market launch.

 

-BBC NEWS

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