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Tag: Ant Financial

Alibaba’s revenue growth eases in Q2, Retail News, ET Retail

Chinese e-commerce giant Alibaba said second quarter revenue growth slowed to 40% on-year Friday, although net profits more than tripled thanks in part to a one-time payment from a fintech affiliate. Total revenue was 119 billion yuan ($16.9 billion), with growth down from 42% in the April-June period and 54% in last year’s second quarter, …

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