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Alibaba Earnings Fell in Latest Quarter on One-Time Gain a Year Ago

Alibaba Earnings Fell in Latest Quarter on One-Time Gain a Year Ago

Alibaba Group Holding Ltd. said its fiscal second-quarter earnings fell 60% from a year ago thanks to a one-time gain from its financial affiliate las

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Alibaba Group Holding Ltd. said its fiscal second-quarter earnings fell 60% from a year ago thanks to a one-time gain from its financial affiliate last year.

Alibaba, China’s most valuable technology company, posted net income attributable to ordinary shareholders of 28.8 billion yuan, equivalent to $4.2 billion, for the fiscal second quarter, compared with 72.5 billion yuan in the year-ago period. Excluding this one-time gain, net income would have grown 44% from a year earlier to 47.1 billion yuan.

The…

This post first appeared on wsj.com

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