Alibaba's sales surge as people shop online during lockdown
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(Reuters) - Alibaba Group Holding Ltd on Friday reported forecast-beating fourth-quarter revenues and profits, as more people shopped online for essentials because of the coronavirus lockdowns.As people stayed indoors and brick-and-mortar stores remained shut during the health crisis, online orders surged, with the company's core commerce business rising nearly 19% to 93.87 billion yuan (£10.81 billion) in the quarter. Revenue at its cloud computing business rose about 58%. Alibaba CFO Maggie..