Bloomberg Daybreak: Asia Edition cover image

Fed Reacts to US CPI, Alibaba Earnings

Bloomberg Daybreak: Asia Edition

00:00

Alibaba's Return to Growth

U.S. Deputy Treasury Secretary Wally Adiamo says that an executive order restricting U.S. investments in China will protect national security. Alibaba reported a better than expected 14 percent rise in revenue in the last quarter. The results provide a solid foundation for Alibaba co-founders Joseph Tsai and Eddie Wu, who'll take over leadership from Daniel Zhang in September.

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