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Alibaba revenues rise 40% and profit leaps over 260% in September quarter

Monday 4 November 2019 | 09:24 CET | News
Alibaba reported another very strong set of results for its fiscal second quarter to end-September, with revenues jumping 40 percent from the year before to CNY 119.0 billion, the adjusted EBITDA going 39 percent higher to CNY 37.1 billion and the net profit attributable to shareholding leaping over 260 percent to CNY 72.5 billion or CNY 3.44 per share CEO Daniel Zhang said the company is now aiming to serve over 1 gbillion active customers per year by fiscal 2024.

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Categories: Internet
Companies: Alibaba / Ant Financial / Taobao
Countries: China
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