Alibaba results beat estimates on cloud, e-commerce growth
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(Reuters) - China's Alibaba Group Holding Ltd reported better- than-expected quarterly revenue and profit on Thursday, aided by growth in its e-commerce and cloud computing businesses.U.S.-listed shares in the company, which makes money primarily by selling advertising and promotional services to third-party merchants on its Taobao and Tmall sites, rose 3% to $166.72 in trading before the bell.Two of the world's biggest e-commerce sites, Taobao and Tmall are booming in tandem with internet..