Alibaba sees significant on-year growth in 4Q16

The largest China-based e-commerce operator Alibaba Group Holding on January 24 released its financial report for the fourth quarter of 2016, posting consolidated revenues of CNY53.248 billion (US$7.669 billion), hiking 54% on year, EBITDA (earnings before interest, tax, depreciation, amortization) of CNY27.021 billion, up 41%, net operating profit of CNY20.664 billion, up 66%, and net profit of CNY17.157 billion, up 38%.

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