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Alibaba’s annual web sales easily surpass U.S. e-retail sales

Alibaba Group Holding Ltd. today reported financial results for its fiscal fourth quarter ended March 31 and the 12-month period, and the staggering sales and profits leave little doubt that China’s leading e-commerce company continues to prosper despite China’s economic malaise. Chinese consumers purchased 3.092 trillion yuan ($US485 billion) worth of goods on Alibaba’s online […]

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