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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

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...