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7i24.cn
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The significant increase in total revenues was primarily driven by strong growth in the company's core e-commerce business, as well as continued expansion into new areas such as cloud computing and digital entertainment. The company also benefited from increased consumer spending during the quarter, particularly in China where economic activity has been recovering strongly from the pandemic. Overall, the strong revenue growth reflects Alibaba's ongoing success in leveraging its vast scale and technological capabilities to capture a growing share of China's rapidly expanding digital economy.
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