Alibaba posts 54 percent rise in third-quarter revenue, raises 2017 guidance

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(Reuters) – Alibaba Group Holding Ltd on Tuesday posted a 54 percent rise in third-quarter revenue, beating analyst estimates, helped by higher sales during its Single’s Day shopping event and increased earnings in its cloud and digital media ventures.

Source:: Alibaba posts 54 percent rise in third-quarter revenue, raises 2017 guidance

      

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