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Alibaba's quarterly revenue jumps 34%

Aug 3 (Reuters) - China’s Alibaba Group Holding Ltd reported a 34% rise in quarterly revenue on Tuesday, helped by growth at its cloud computing and e-commerce businesses.

Revenue rose to 205.74 billion yuan ($31.83 billion) in the first quarter, from 153.75 billion yuan a year earlier.

$1 = 6.4628 Chinese yuan renminbi Reporting by Nivedita Balu in Bengaluru; Editing by Shounak Dasgupta

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