Alibaba's sales during the isolation of Coved-19, at record levels

Chinese giant Alibaba reported incomes and profits on analysts' expectations for the first three months of 2020, while the isolation of Ovid-19 prompted more people to buy online.

The public health crisis around the world forced people to stay inside their homes by increasing online orders.

Alibaba's main e-commerce business sales were $13.16 billion in the first three months, while business clowns increased by 58%.

E-commerce giant forecasts revenues of over $90 billion in 2020. Alibaba's first three months income was 16.02 billion dollars, while analysts had projected $15 billion.

Alibaba's optimistic projections for 2020 come as China opened markets and all economic activity ahead of Western countries like the US and European countries.

The company has also pushed towards new businesses, while competition in online trading is increasing by JD rivals.com or Pindoudo in China.