(Aug 28): Shares in e-commerce giant Alibaba Group Holding have surged since the company reported a strong set of financials on Aug 17. The company’s revenue increased 56% y-o-y in 1QFY2018 ended June 30 to US$7.4 billion ($10.1 billion), driven by growth in online sales. The stock has rallied 7.1% since then, closing at US$175.80 on Aug 23.

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