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Benzinga
Benzinga
Business
Anusuya Lahiri

Alibaba's Cloud, E-Commerce Engines Hit Full Throttle In Q2

Alibaba

Alibaba Group Holding (NYSE:BABA) shares climbed on Tuesday following its fiscal second-quarter results, as the e-commerce giant co-founded by Jack Ma reported revenue and earnings that exceeded analyst expectations.

The company posted quarterly revenue of $34.81 billion, up 5% year-over-year, surpassing the analyst consensus estimate of $34.43 billion.

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