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30.08.25 - 15:01
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Alibaba sees strong consumer mindshare in instant commerce push (SCMP)
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E-commerce giant Alibaba Group Holding has won “consumer mindshare” amid its instant commerce push, according to company executives and analysts, to regain growth momentum in the highly competitive domestic market.
The Chinese tech conglomerate's New York-listed shares jumped 13 per cent to close at US$135 on Friday, after reporting robust earnings growth in the June quarter on the back of confidence on the mainland's instant commerce sector.
On Friday's earnings call, Alibaba CEO Eddie Wu......
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