Alibaba Growth Surges Ahead of IPO; Stocks Flat - Presented by: The Aol. On Network

Alibaba is expected to launch the biggest tech IPO as early as next month. Ahead of that - new numbers. Quarterly sales at the world's biggest online marketplace surged 46 percent. Monthly active buyers by the end of June - 50 percent more than the same time the year before. Net income nearly tripled to just under $2 billion. Compare that to Amazon, which saw a net loss of $126 million in the June ending quarter.



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As of 5/2/2016, 04:15 PM