Alibaba beats quarterly revenue expectation

China's top e-commerce platform Alibaba Group Holding Ltd reported a forecast-beating 64% surge in quarterly revenue on Thursday, as more people shopped online due to the coronavirus pandemic.

Revenue rose to 187.4 billion yuan ($29.03 billion) in the three months ended March 31, higher than 180.41 billion yuan forecast by 30 analysts compiled by Refinitiv. ($1 = 6.4545 Chinese yuan renminbi)

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