PREMIUM
Ultimate Stocks: staggering growth
Our Ultimate Stocks continue to deliver exceptional returns, with two very different businesses covered here reporting staggering growth over a very challenging period. Read on here or news on some fantastic companies
Alibaba: forget about Ant
Alibaba Group’s (US:BABA) core e-commerce business had an excellent 2nd quarter as it benefited from China’s recovery from the coronavirus crisis. Alibaba is a relatively new edition to our Ultimate Stocks portfolio.
Group revenue for the quarter ending 30 September rose 30% to 155.1 billion yuan ($22.8bn), well ahead of analysts’ estimates as the world turned to online shopping during the pandemic.
The company said that it had 757 million annual active users…
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