Alibaba net income rises 26% to $1.9 bn   
The net income of Chinese e-commerce company Alibaba Group Holding Ltd rose 26.67% to $1.9 billion for the quarter ended December compared to $1.5 billion in the year-ago period. The revenue for the quarter also rose 32% year-on-year to $5.2 billion. Record sales of $14.3 billion on the company's annual 'Single's day sales' in November fuelled the company's revenues. 