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Alibaba’s profits more than doubled ahead of potential US IPO

Wednesday, April 16, 2014 | More »

alibaba
Alibaba Group Holding Ltd, a China-based internet company has seen accelerated growth in the fourth quarter ahead of a potential US IPO. In the quarter ended December 2013, the revenue rose 66 per cent to $3.06 billion, net income more than doubled to $1.35 billion as compared to the previous quarte...