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Benzinga
Benzinga
Business
Anusuya Lahiri

Alibaba Sees Historic Opportunities As CEO Points To AI And Quick Commerce Wins

Alibaba BABA Jack Ma Eddie Wu e-commerce Nvidia
Alibaba Group Holding Limited

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

The company posted quarterly revenue of $34.57 billion, up 2% year-over-year, surpassing the consensus estimate of $34.26 billion.

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