Chinese e-commerce leader Alibaba Group Holding reported a big jump in quarterly revenue on Aug. 23 and said it aims to build a global business starting in Asia, even as a new exchange of tariffs escalated the U.S.-China trade war.
The New York-listed company posted revenue of 80.92 billion yuan ($11.8 billion) for the April-June quarter, a 61% increase on the year, thanks to robust Chinese domestic demand.
