Alibaba also expects its cloud computing business to remain on an upwards trajectory in the coming quarters, CEO Eddie Wu says
“With our newly achieved scale and market share, we are confident that we can achieve industry-leading efficiency in the long term,” Wu said.
His assessment reflects how Taobao Instant Commerce, an initiative launched in April, strengthened Alibaba’s domestic market position, as it met consumers’ need for on-demand delivery across a wide range of product categories, including food, groceries, electronics and apparel. Alibaba owns the Post.
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