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Alibaba Group Announces December Quarter 2019 Results

February 14, 2020 4:14 am

Beijing (PingWest)—Alibaba Group today announced its financial results for the quarter ended December 31, 2019.

A pneumonia-causing virus is disrupting China's economy. Finance chief Maggie Wu said most of Alibaba’s businesses that rely on the sale of physical goods would likely see a decline in revenues this quarter.

Meanwhile, CEO Daniel Zhang said DingTalk, the company’s enterprise chat app, had seen “explosive growth” during the crisis as white collar businesses and schools use it for remote working and online lessons.