Alibaba Group Holding, China’s biggest e-commerce company, posted a 42 per cent increase in revenue in its latest quarterly results. Photo: Reuters

Alibaba posts 42 per cent gain in quarterly revenue, defying slowdown in China

  • China’s largest e-commerce company saw its latest quarterly revenue reach US$16.7 billion amid the domestic economy’s slowdown
  • Net income jumped 145 per cent to US$3.1 billion
Topic |   Alibaba

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Alibaba Group Holding, China’s biggest e-commerce company, posted a 42 per cent increase in revenue in its latest quarterly results. Photo: Reuters
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