Chinese e-commerce giant Alibaba’s revenue jumps 32%

Chinese e-commerce giant Alibaba saw its revenue jump 32 percent year-on-year for the quarter ending in December, it reported in a statement Thursday, despite slowing growth in the world’s second-largest economy.

Alibaba, which dominates the consumer-to-consumer market in China, said revenue reached $5.33 billion (34.54 billion yuan) in the December quarter, beating an average forecast of 33.2 billion yuan in a survey of analysts by Bloomberg News.

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