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China's Alibaba 2007 net more than quadruples
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Top Chinese e-commerce firm Alibaba.com says it beats forecast with a 340 percent jump in 2007 net profit, thanks to China's buoyant economy, increasing Internet access and growth in the firm's number of paying members.

Ma Yun, Chairman of the Board of Alibaba.com

Ma Yun, Chairman of the Board of Alibaba.com

Accordng to local data firm iResearch, Alibaba.com, in which U.S. Internet company Yahoo is a key investor, dominates China's 3.9 billion yuan business-to-business market, holding a share of over 57 percent.

(CCTV March 19, 2008)

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