Alibaba posts strongest quarterly revenue growth in almost two years in Q1

Alibaba posts strongest quarterly revenue growth in almost two years in Q1

FILE PHOTO: The logo of Alibaba Group is lit up at its office building in Beijing, China August 9, 2021. REUTERS/Tingshu Wang/File Photo

China’s Alibaba Group Holding reported its strongest quarterly revenue growth in almost two years on Thursday as its domestic e-commerce unit focuses on low-cost products to attract consumers amid a sober economic environment.