The firm, headed by billionaire entrepreneur Jack Ma, posted
55.12 billion yuan ($8.34 billion) in revenue for the
July-September quarter, above a 52.2 billion yuan forecast from
analysts polled by Reuters.
Net income more than doubled from a year ago to 17.41 billion
yuan, growing at a faster clip than the previous two quarters.
The second quarter is often slower for Alibaba as it prepares
for the annual blockbuster Singles' Day event on Nov. 11, a
sales bonanza that shifts more goods than the Black Friday and
Cyber Monday sales days in the United States combined.
Alibaba said revenue from its core e-commerce business hit 46.46
billion yuan, representing a 63 percent rise from the same
quarter a year earlier.
(Reporting by Pei Li in Beijing and Supantha Mukherjee in
Bengaluru; Editing by Saumyadeb Chakrabarty)
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