Alibaba quarterly revenue in line with expectations
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Nov 16 (Reuters) - China’s Alibaba Group Holdingreported second-quarter revenue on Thursday that was in line with analysts’ estimates as the country’s retail sector recovers from the effects of pandemic-fueled lockdowns. The Chinese e-commerce giant posted revenue of 224.79 billion yuan ($31.01 billion) in the quarter, compared with analysts’ average estimate of 224.32 billion yuan, according to LSEG data. ($1 = 7.2481 Chinese yuan renminbi)
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