China’s Alibaba and Baidu report better‑than-expected sales

Two of the biggest Chinese internet giants reported sales that topped estimates. The results lifted some of the gloom that had beset the sector following COVID-19 lockdowns and regulatory headwinds. Alibaba Group Holding Ltd. and Baidu Inc. reported sales growth that were higher than expected, suggesting some of China’s largest businesses have found ways to […] The post China’s Alibaba and Baidu report better‑than-expected sales appeared first on Digital Commerce 360.