Alibaba revenue up 34% in June quarter

Alibaba Group Corporate Campus (Xixi, Hangzhou, China)

Alibaba Group’s revenue rose 34% year-over-year to Rmb153.75bn (US$21.76bn) in its June quarter (three months ended June 30). Adjusted EBITDA grew 30% to Rmb51.04bn ($7.22bn) compared to the same period the year prior.

Alibaba Group chief financial officer Maggie Wu...

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