Alibaba fourth-quarter revenue surges 51% to $13.9bn thanks to retail and cloud boost | Cloud Computing

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Alibaba Group has beat fourth-quarter revenue estimates thanks to a surge in it’s core e-commerce offering and an expanding cloud business.

The Chinese e-commerce company saw revenue climb 51% to 93.5bn yuan ($13.6bn) in the quarter, beating estimates of 91.58bn yuan, according to IBES data…



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