Alibaba revenue, profit beat as online sales surge during lockdown
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(Reuters) - China's Alibaba Group Holding Ltd on Friday reported fourth-quarter revenue and profit that topped market expectations, as the COVID-19 lockdowns drove more people to shop online for essentials.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 (£10.81 billion) in the quarter. Revenue at its cloud computing business surged about 58%. With..