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E-commerce giant reports big profits

Chinese e-commerce giant Alibaba has reported that its profit nearly tripled in the quarter that ended June 30 to $2 billion, with sales climbing 46%. The tech company’s IPO is less than a month away. http://dealbook.nytimes.com/2014/08/27/alibaba-profit-and-mobile-revenue-soars-again-as-i-p-o-nears/?ref=technology

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