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Reuters: China's Alibaba 2007 net more than quadruples

Started by Joelle, March 18, 2008, 11:01:06 AM

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Joelle

China's Alibaba 2007 net more than quadruples
      


HONG KONG/SHANGHAI (Reuters) - Top Chinese e-commerce firm Alibaba.com Ltd said on Tuesday its full-year 2007 profit grew 340 percent, boosted by a buoyant Chinese economy, increasing Internet access in the country and healthy growth in the  firm's number of paying members.
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