, Net profit for Alibaba Group in China doubles for the second quarter
China’s Alibaba Group has not only doubled its net profit margin reached for the April-June quarter in the recent quarter but also exceeded past the double value handsomely. Alibaba’s Q2 profit doubled and its sales for the period increased by approximately 7o percent thereby proving the fact that the biggest e-commerce firm of China has trifled the growing rivalry in the concerned sector.
