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International Business Times
International Business Times
Business
Peter Catterall with Jing Xuan Teng in Shanghai

China Tech Giant Alibaba Posts Modest Yearly Revenue Growth

Alibaba China Daniel Zhang Beijing e-commerce Tencent
Alibaba is one the biggest players in China's tech industry (Credit: AFP)

Chinese e-commerce giant Alibaba announced Tuesday a modest increase in annual revenue, as the firm pursues a major overhaul and regulatory curbs on the country's tech sector are relaxed.

The Hangzhou-based company is one of the biggest players in China's tech industry, with operations spanning retail, digital payment, artificial intelligence and entertainment.

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