Alibaba Defies China Slowdown; Sales, Earnings Top Estimates

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Alibaba Defies China Slowdown; Sales, Earnings Top EstimatesRevenue climbed to 93.5 billion yuan ($13.6 billion) in the three months ended in March, about 1.8% above estimates as adjusted earnings-per-share of 8.57 yuan topped projections for 6.5 yuan. Alibaba expects sales in the current year to jump at least 33% to more than 500 billion yuan.


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