Alibaba revenues jump 54% to CNY 85.1 bln in fall quarter amid some caution ahead

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You Are Here:Alibaba revenues jump 54% to CNY 85.1 bln in fall quarter amid some caution ahead

(Telecompaper) The company intends to continue investing into long term growth abroad, with international revenues lifting 55 percent to CNY 4.464 billion. Alibaba noted that it partnered in September with Russian Direct Investment Fund (RDIF), Megafon and ¬†Mail.Ru Group to integrate Russia’s key consumer internet and e-commerce platforms and launch a leading social commerce joint venture for Russia and CIS states.¬†
Source: Industry News (syndicated from Telecompaper.com)

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