Alibaba’s Singles Day was the highlight of a standout quarter, generating a record US$17 billion of sales in 24 hours.

Alibaba raises full-year revenue on strong Q3 results

Alibaba Group Holding has raised the forecast for its financial year to March after revenue leapt by more than half in the quarter to December, driven by strong online retail growth, surging demand for cloud computing services and vastly improved digital media business.

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