The results come at a tricky time for Chinese commerce businesses, given the broad sluggishness in the world’s second-largest economy.
Alibaba shares rise 3% in premarket after Chinese tech giant posts 58% jump in profit
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Consumer News and Business Channel known by its acronym CNBC (CNBC News) is an American business news channel founded in 1989. It covers a diversity of topics and markets, including local news and international stories.