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Chinese e-commerce giant surprised market with strong earnings

China e-commerce giant Inc posted better-than-expected revenue for the second quarter on Tuesday, driven by stronger sales in its online retail business.

The online retailer's revenue climbed 23 per cent year-on-year to 150.28 billion yuan in the second quarter ended June 30. That's higher than 47.49 billion yuan expected by analysts, according to IBES data from Refinitiv.

Net income . . .

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