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E-commerce Asia

Alibaba’s Revenue and Profit Beat Expectations

Alibaba reported better-than-expected revenue and profit in the quarter through June, citing solid growth in its e-commerce and cloud-computing businesses amid China’s recovery from the coronavirus pandemic. Alibaba’s revenue for the quarter rose 34% while operating profit rose 42%. Net profit more than doubled, mainly because the value of publicly traded stocks owned by Alibaba jumped when the...

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Better.com’s Valuation Hopes Reflect Fintech Boom: The Information’s Tech Briefing

There’s something of a boom going on in finance tech startups, you may have noticed. Our scoop today about Better.com, the online mortgage lender, looking to raise money at a valuation of $4 billion—several times where it was last valued—highlights the trend. 

In the past week other startups in the consumer finance market—Affirm, Chime and Robinhood—have each ...

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