from Yahoo Finance https://ift.tt/3bV5Lbp
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Alibaba revenue, profit beat as online sales surge during lockdown
As people stayed indoors and brick-and-mortar stores remained shut during the health crisis, online orders surged, with the company’s core commerce business rising nearly 19% to 93.87 billion yuan ($13.16 billion) in the quarter. With China’s economy starting up again much ahead of major economies in Europe and the United States, the e-commerce giant said it expects to generate over 650 billion yuan in revenue in fiscal 2021. The company has been pushing into new businesses and technologies as online shopping space heats up with competition from smaller rival JD.com Inc and Pinduoduo Inc, which is popular with residents in China’s lower-tier cities.
from Yahoo Finance https://ift.tt/3cUJI5R
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Telehealth is going to ‘become the default’ for patients: Ro CEO
Telehealth companies enabling individuals to see physicians without stepping foot into a physical doctor’s office are having their moment, as the coronavirus pandemic confines individuals and would-be patients across the country largely to their homes.
from Yahoo Finance https://ift.tt/3gfrFJy
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