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Alibaba results beat estimates on cloud, e-commerce growth

By Staff Writer on Aug 19, 2019 1:30PM

Alibaba results beat estimates on cloud, e-commerce growth

Despite tougher macroeconomic environment.

China's Alibaba Group Holding Ltd reported better-than-expected quarterly revenue and profit on Thursday, aided by growth in its e-commerce and cloud computing businesses. The beats show the company is managing to outperform expectations even as it weathers an increasingly competitive e-commerce ...

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