New York (CNN Business) China's economy has bounced back from the Covid-19 outbreak in China's Wuhan province. That's great news for Alibaba, the e-commerce and cloud giant. Alibaba BABA posted strong sales and earnings growth Thursday morning that topped Wall Street's forecasts. Overall revenue was up nearly 35% from a year ago and the company also posted solid increases in total and mobile users. "It's easy to be blasé about Alibaba posting revenue growth of 34% in the pandemic.

Source: CNN August 20, 2020 12:49 UTC