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Alibaba stock soars after earnings beat, signs of ‘improving’ conditions amid COVID-19 resurgence

·4 min read
Alibaba stock soars after earnings beat, signs of ‘improving’ conditions amid COVID-19 resurgence
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Alibaba Group Holding Ltd.'s U.S.-listed shares climbed 14.8% in Thursday trading to log their second best single-day performance on record after the Chinese e-commerce giant beat revenue and earnings expectations for the latest quarter.