Consumer Discretionary Nov 20, 2020 10:01 AM (GMT+8) · EqualOcean
According to the interim performance announcement released by Alibaba business as of September 30, 2020, under the continuous influence of the epidemic on the film and television industry, the company has made an income of 927 million yuan during the reporting period, including the rapid growth of the income of the content production sector, turning losses into profits; the company's operating losses and adjusted EBITA losses (adjusted EBITA) decreased by 42% and 53% respectively year-on-year.