Alibaba and JD experience strong growth, with Alibaba revenue up 24% and JD with 30% more customers.

From Google: 2024-08-16 11:00:26

Alibaba and JD experience a surge in the market this week, with both companies showing strong growth. Alibaba shares rose by 3% and JD shares increased by 2%. Total revenue for Alibaba came in at $21.8 billion, a 24% year-over-year increase. JD’s annual active customer accounts also rose by 30%. Investors are optimistic about the future performance of these e-commerce giants.



Read more at Google: China Market Update: Alibaba & JD Soar, Week In Review – Forbes