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Hong Kong-listed shares of Alibaba Group Holdings surged as much as 18.84% Monday, thanks to its better-than-expected bottom line in the June quarter, fueled by accelerated sales at its cloud-computing unit and a continued revival of its e-commerce business.

U.S.-listed shares of the Chinese giant had gained nearly 13% on Friday after the company announced results.

Here's how Alibaba did in its fiscal first quarter ended June, compared with LSEG estimates:

Revenue: 247.65 billion Chinese yuan ($34.6 billion), versus 252.9 billion yuan expected.

Net income: 43.11 billion yuan, compared with 28.5 billion yuan expected.

Revenue rose 2% year-on-year, while the company's net income was up 78%. Alib

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