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Alibaba adds US$42b in market cap on strong sales forecast

It expects 45-49% revenue growth for the year ending March, underscoring how investments in new businesses are paying off

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Alibaba is capturing more digital advertising spending by incorporating social elements such as video in its shopping sites.

Hong Kong

ALIBABA Group Holding Ltd's market value surged by US$42 billion after the company forecast sales growth that topped every analyst's estimate, defying expectations that gains would slow by dint of a decelerating economy and its own sheer scale.

China's largest e-commerce

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