Chinese e-commerce giant Alibaba saw sales and profits jump over the last three months of 2020 as economic activity picked up in China

Alibaba saw sales and profits jump over the last three months of 2020 despite the Chinese e-commerce giant being in the crosshairs of the authorities.

In November, Chinese authorities pulled the plug on the colossal Hong Kong IPO of Alibaba’s online payment subsidiary Ant Group.

A month later, regulators opened an investigation into Alibaba’s…

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