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Alibaba flies above Ant turmoil with strong earnings growth

Group will continue to offer customer credits despite clampdown on microloans: chairman

The abrupt halt of the much-anticipated listing of Ant Group, of which Alibaba Group Holding holds a one-third stake, has cast a shadow over the e-commerce company's outlook.   © Reuters

HONG KONG -- Alibaba Group Holding, China's largest e-commerce company, shrugged off concerns over the last-minute suspension of the highly anticipated listing of affiliate Ant Group with another quarter of strong earnings growth, as the online shopping momentum amid the coronavirus pandemic continues.

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