Alibaba is more and more popular

The Chinese e-commerce giant Alibaba’s sales rose by 55 percent in the last quarter, thanks in part to a more than doubling of revenue from cloud computing, the company said Wednesday.

Alibaba’s quarter earnings report also showed a rise in use despite a slowing economy in China.

The year-on-year growth in group sales, to 34.29 billion yuan (6.71 billion USD), was not matched by net profit, which slid 66 percent to 7.62 billion yuan (1.49 billion USD). (privatbankar.hu)