Alibaba sales growth soars into the cloud
Chinese e-commerce giant Alibaba's sales soared 55 percent in the last quarter, thanks in part to a more than doubling of revenue from cloud computing, the company said Wednesday. The year-on-year growth in group sales, to 34.29 billion yuan (5.14 billion US dollars), was not matched by net profit, which slid 66 percent to 7.62 billion yuan...
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