China's Alibaba quarterly revenues surge to 7.7 billion dollars
Chinese e-commerce giant Alibaba said Tuesday i ts revenues leapt 54 percent year-on-year for the quarter ended in December, spurred by rapid growth in Chinese online shopping. Revenue for the company, seen as a benchmark for China's increasingly crucial consumer sector, reached 53.25 billion yuan (7.7 billion dollars ) in the quarter, it said...
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