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Alibaba revenue beats estimates on cloud boost; shares rise

Updated : May 15, 2019 05:05 PM IST

Alibaba makes money primarily by selling advertising and promotional services to third-party merchants that list products on Taobao and Tmall, two of its e-commerce sites.
The company' shares rose more than 2 percent to $179.79 in pre-market trading.
Alibaba revenue beats estimates on cloud boost; shares rise
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