Alibaba posts 54% jump in Q3 revenue to $7.76 billion
China's Alibaba on Tuesday reported a net income of $2.57 billion in Q3 2016 with total revenue of $7.76 billion, up 54% from a year ago. The primary source of Alibaba's revenue was its core commerce businesses- online marketplace Taobao and business-to-consumer website T-Mall. Cloud computing was one of its fastest growing revenue streams, with a revenue jump of 115%.