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Alibaba Group's Jan-March net profit soars: SEC filing
Aug 10th, 2012
SHANGHAI (Reuters) - Alibaba Group, China's largest e-commerce company, posted a 64.2 percent rise in revenue in the January-March quarter and its net profit jumped more than sixfold to $220.5 million, according to a U.S. Securities and Exchange Commission filing. The filing from Yahoo Inc, which owns 40 percent of Alibaba, is the first to show how strongly one of China's most closely followed Internet companies performed during the period. Privately-owned Alibaba is not required to publicly disclose financial statements. ... (Source: Reuters) -
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