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Alibaba net profits hike nearly 150% on year in 3Q17

Chia-Han Lee, Taipei; Adam Hwang, DIGITIMES Asia 0

China-based e-commerce operator Alibaba Group Holding has reported consolidated revenues of CNY55.122 billion (US$8.285 billion) for the third quarter of 2017, growing 60.74% on year, with a gross margin of 60.08%, down 1.65pps.

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