As E-Commerce Matures, Alibaba Counts On Non-Core Business For Future Growth

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Alibaba Group Holding’s results for the quarter ended December 31, 2016 show that the Chinese online commerce giant continues to grow at an impressive rate, with total revenue of RMB53.2 billion (US$7.7 billion), an increase of 54% year-over-year. Revenue from its core e-commerce business, however, increased at a more moderate 42% year-over-year, while the company’s strongest revenue growth came from non-core businesses such as cloud computing and media and entertainment.

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