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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 reached 618.8 million yuan ($90.1 million), up from . . .

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