Alibaba Group reported a 5% year-on-year revenue increase to RMB 236.5 billion ($33.7 billion) in the second quarter of 2024, with steady growth in core operations. Net income surged 63% to RMB 43.5 billion ($6.2 billion), driven by improved profitability and possible non-recurring gains. Alibaba Cloud’s commercial revenue growth accelerated…
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