Alibaba revenue jumps 61% on the back of growth in new businesses

Alibaba revenue jumps 61% on the back of growth in new businesses

Alibaba.com Ltd. bags. Photographer: Andrew Harrer/Bloomberg

Alibaba Group Holding Ltd. reported its fastest pace of growth in more than four years, as the e-commerce giant’s investments in arenas from cloud computing to entertainment carved out new avenues of income.

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