Revenue soars at China’s Alibaba

ChinaWashington Post — Alibaba Group posted a 39 percent surge in revenue as China’s dominant e-commerce operator shrugged off a slowing economy with promotions to woo cash-rich consumers. Asia’s largest Internet company posted better-than-expected sales of 24.2 billion yuan ($3.7 billion) in the March quarter and said it will start providing annual forecasts.

https://www.washingtonpost.com/business/economy/revenue-soars-at-chinas-alibaba-us-jobless-claims-hit-a-five-week-high/2016/05/05/69d37c0c-12cc-11e6-93ae-50921721165d_story.html

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