(Bloomberg) -- Alibaba Group Holding Ltd. quarterly sales and earnings beat expectations as growth in cloud computing services bolstered an e-commerce business that continues to defy a slowing Chinese economy.

Revenue at China’s biggest operator of online shopping malls rose 55 percent to 34.3 billion yuan ($5.1 billion), the company said on Wednesday. That compares with the 33.9 billion-yuan average of estimates compiled by Bloomberg. Adjusted earnings-per-share were 5.26 yuan, compared with the 4.69 yuan expected by analysts.

Register or login for access to this item and much more

All Information Management content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access