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Alibaba slips on initial news though shares soar




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Chinese e-commerce association Alibaba’s second-quarter net income fell 39 percent as it spent some-more on a mobile business, marketing, and batch grants. But income surged 54 percent on clever user demand. It was Alibaba’s initial gain news given it’s $25 billion IPO in September. The association operates a renouned e-commerce platforms Taobao and Tmall in China. Alibaba has pronounced it skeleton to enhance into rising markets and, eventually, into Europe and a United States.


Article source: http://www.bostonglobe.com/business/2014/11/09/alibaba-slips-first-report-but-shares-soar/DH0KxXkawPgLCfuNOBGG4L/story.html

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