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Alibaba beats revenue expectations on cloud boost

By Josh Horwitz and Vibhuti Sharma on May 16, 2019 7:00AM

Alibaba beats revenue expectations on cloud boost

Thanks to growth in its core business and its diversification.

Chinese e-commerce giant Alibaba Group Holding Ltd beat fourth-quarter revenue forecasts on Wednesday, thanks to growth in its core business and its diversification into cloud computing and other services. Alibaba has invested in new business lines such as cloud computing as a boom in its core ...

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