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Chinese e-commerce leader Alibaba's net profit grew to 33.0 billion yuan ($4.9 billion) in the October-December third quarter, compared to 24.1 billion yuan over the same period in 2017. [Photo: AFP]
Chinese e-commerce leader Alibaba said Wednesday that net profit increased 37 percent in the latest quarter as growth in cloud computing and other business lines helped offset a slowing expansion in core online retail.
The company's net profit grew to 33.0 billion yuan ($4.9 billion) in the October-December third quarter, compared to 24.1 billion yuan over the same period in 2017.
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