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Retail

Alibaba records $109.5B in revenue for fiscal year 2021

May 13, 2021

Although Alibaba has emerged as the leader in luxury ecommerce in China, the past few months have taken a toll on the tech giant. Image credit: Shutterstock Alibaba has announced its financial results for the 2021 fiscal year. Image credit: Shutterstock

 

By Luxury Daily News Service

Ecommerce giant Alibaba Group Holdings Ltd. recorded a 41 percent revenue increase year-over-year for fiscal year 2021.

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