Alibaba sales beat estimates on 'outstanding' quarter, raises forecast

BEIJING (Reuters) - Alibaba Group Holding Ltd hailed an "outstanding quarter" on Thursday and raised its outlook for the year after beating forecasts with a 61 percent revenue rise driven by strong growth in online sales.

from Reuters: Top News http://uk.reuters.com/article/uk-alibaba-results/alibaba-sales-beat-estimates-on-outstanding-quarter-raises-forecast-idUKKBN1D21CC?feedType=RSS&feedName=topNews