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Alibaba reports 22 percent rise in quarterly revenue

Source: Xinhua | 2020-05-23

China's e-commerce giant Alibaba on Friday reported a rosy quarterly revenue despite the economic impact of the COVID-19 pandemic.

The group's revenue in the quarter ending March 31 stood at 114.31 billion yuan (about 16 billion U.S. dollars), marking an increase of 22 percent year-on-year.

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