China’s Alibaba and Baidu report better‑than-expected sales - Digital Commerce 360

The results suggest some of China’s largest businesses have found ways to wade through strict COVID-19 restrictions in key cities.

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. … [+1614 chars]

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