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Asia E-commerce

China’s Slowing Economy Doesn’t Ding Alibaba’s Profits

Alibaba said its net profit for the quarter through March rose 42%, while revenue increased 51%.

Some good news for investors in the report was that the company’s revenue from mainstay commerce operations remained strong, rising 54%, analysts said. The growth comes despite China’s economic slowdown, which is creating a harsher environment for retailers.

Some Alibaba investors have told The Information they don’t like Alibaba’s deep involvement in loss-making entertainment businesses such as the Youku online video site and Alibaba Pictures. 

But such skepticism may stay rather muted as long as the core ecommerce business keeps growing at a healthy rate.

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