Alibaba gets more bang for its buck as revenue growth beats forecasts

Alibaba gets more bang for its buck as revenue growth beats forecasts

A logo of Alibaba Group is pictured at its headquarters in Hangzhou, Zhejiang province, China, October 14, 2015. REUTERS/Stringer CHINA OUT

China’s Alibaba Group Holding Ltd is squeezing more money from online shopping than expected, beating analyst forecasts for revenue growth, as mobile shopping grows.

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