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8/15, 1:17 PM (Source: TeleTrader)
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Alibaba's sales surge 42% to 114.92B yuan

Alibaba Group Holding Ltd. reported on Thursday that diluted earnings per share jumped 146.3% in the second quarter on an annual basis to 1.01 yuan ($0.15). The increase was 144.2% to 8.06 yuan ($1.17) per diluted American depositary receipt. Revenue smashed estimates just like with the bottom line. The sum landed at 114.92 billion yuan or 42% higher than in the same period of last year, translating to $16.74 billion. Furthermore, operating margin grew to 21% from 10%, the ecommerce titan revealed.

Net income surged by a round 150% to 19.12 billion yuan. In adjusted terms, diluted earnings advanced 55.4% to 1.57 yuan per share and 56.1% to 12.55 per ADS.

"We will continue to expand our customer base, increase operating efficiency and deliver robust growth," said chief executive Daniel Zhang. He promised more investments in technology and to work on enterprise solutions. The closely tracked number of annual active retail consumers in China rose 17% to 674 million or 3.1% quarter on quarter. Growth in mobile active users came in 19.1% and 4.7% higher, respectively, at 755 million.

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