Alibaba Group predicted its sales will rise at least 48% in the year ending March 2017 as it pushes into new markets and businesses beyond e-commerce, according to a report by Bloomberg.
Stripping out the impact of the recent acquisitions of e-commerce group Lazada and streaming video service Youku Tudou, sales are on course to rise more than 36% in this fiscal year, CFO Maggie Wu told investors. That is up from 33% growth the previous year. source: Bloomberg article
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