Alibaba says profit up 132% in 'outstanding' quarter
Chinese e-commerce giant Alibaba
Shanghai - AFP
Chinese e-commerce giant Alibaba said on Thursday that its net profit soared 132% percent in the latest quarter and that the "outstanding" results had prompted it to revise its full-year revenue projections upward.
Net profit for the three months ending September 30 reached 17.67 billion yuan, ($2.67 billion), up from 7.62 billion yuan in the same period of 2016, the company said
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