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Alibaba's latest financial results build momentum for a big IPO
Alibaba's latest financial results build momentum for a big IPO

Alibaba Group Holding continued to build excitement for its upcoming initial public offering by reporting a surge in mobile growth and big financial gains in its most recent quarter. For the three months that ended June 30, the Chinese e-commerce behemoth — which handles more sales than Amazon.com Inc. and EBay Inc. combined — said profit nearly tripled to $2 billion, or 84 cents a share, from a year earlier. Revenue rose 46% to $2.54 billion. Active buyers increased to 279 million, Alibaba said, 51% higher than the year-earlier quarter and a 9% gain from the January-through-March quarter. The quarterly figures came in an amended filing with the U.S. Securities and Exchange...

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