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The Economic Times
The Economic Times
Technology

Alibaba quarterly revenue rises on cloud demand, ecommerce growth

Alibaba e-commerce China

China's Alibaba on Wednesday posted a 3% rise in fourth-quarter revenue on robust growth for its cloud computing and AI divisions, while its ecommerce unit benefited from a new round of government subsidies.

US-listed shares of the company were ‌up more ⁠than ⁠2% in premarket trading.

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