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Profits jump for Chinese e-commerce giant Alibaba

Beijing (AFP) - Chinese e-commerce giant Alibaba saw profits jump over the last three months of 2020 as economic activity returned in China and online spending continued apace. In the third quarter of its staggered fiscal year, the Wall Street-listed group reported a profit of 79 billion yuan ($12.2 billion) on Tuesday, up 52 percent...

2 Feb 2021