RetailAlibaba flies above Ant turmoil with strong earnings growth
Group will continue to offer customer credits despite clampdown on microloans: chairman
The abrupt halt of the much-anticipated listing of Ant Group, of which Alibaba Group Holding holds a one-third stake, has cast a shadow over the e-commerce company's outlook. © Reuters
NIKKI SUN, Nikkei staff writer
November 5, 2020 14:19 JST
Updated on November 5, 2020 23:02 JST
HONG KONG -- Alibaba Group Holding, China's largest e-commerce company, shrugged off concerns over the last-minute suspension of the highly anticipated listing of affiliate Ant Group with another quarter of strong earnings growth, as the online shopping momentum amid the coronavirus pandemic continues.