Alibaba revenue up 61 percentStaff Writer | November 2, 2017
Alibaba Group Holding said its quarterly revenue climbed 61 percent helped by growth in its core e-commerce business.
Alibaba $8.34 billion in revenue
Net income more than doubled from a year ago to 17.67 billion yuan, growing at a faster clip than the previous two quarters.
Alibaba, whose Tmall and Taobao shopping platforms dominate online retail in China, saw revenues from its core e-commerce business hit 46.46 billion yuan, a 63 percent rise from the same quarter a year earlier. ■