Alibaba earnings leap on cusp of stock market debut
New York (AFP) Aug 27, 2014 - Just weeks ahead of its expected debut on the New York Stock Exchange, Chinese Internet colossus Alibaba reported that its quarterly profit nearly tripled on surging revenue. Alibaba Group made a profit of nearly $2 billion on revenue of $2.5 billion in the quarter ending June 30 according to updated documents filed with the US Securities and Exchange Commission. Revenue rose 46 percent ... more
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