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Alibaba's Daniel Zhang delivers 40% revenue surge in debut quarter

Ant Financial transactions offer SoftBank a $2.6bn windfall profit

Alibaba looks to convert retail customers into users of its digital entertainment platforms to propel new growth.   © Reuters

NEW YORK -- Chinese e-commerce giant Alibaba Group Holding continues to defy trade tensions and a cooling economy, as sales surged 40% in the July-September quarter.

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