One of the companies raking sales is Alibaba which is doing better than most companies. This e-commerce and cloud giant is one of the most profitable. Though it is worried that the threat posed by the U.S. and its trade war with China.
Last Thursday, the company logged in excellent sales and earnings that were the top forecasts to date. Total income is up by 35% from a year back. Details reveal that an increase in mobile users peaked too.
Martin Garner, Chief Operations Officer of CCS Insight, said that Alibaba getting 34% of growth in the COVID-19 pandemic is no mean feat. This nothing compared to the fact the e-commerce giant can equal the GDP of the Netherlands to make a point. To able to get this growth at his pace is nothing but phenomenal, reported CNN.
However, despite the gains, there will still be setbacks like 2% on Thursday. …