Alibaba Shares Rise Nearly 5% on Quarterly Earnings Beat fol…

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BEIJING, August 10 (TiPost)— U.S.-listed shares of Alibaba Group Holding Ltd. rose as much as 7.4% and settled 4.6% higher to US$99.21, the highest close since August 1. Alibaba stock outperformed market after China’s top e-commerce company released stronger-than-expected growth across its main businesses, underlining preliminary results of its biggest overhaul earlier this year.Credit：Visual ChinaAlibaba