A sign of Alibaba Group is seen during the fourth World Internet Conference in Wuzhen, Zhejiang province, China, December 3, 2017. REUTERS/Aly Song
Beijing: Chinese e-commerce giant Alibaba Thursday posted a 35 percent surge in net profit in the third quarter, rising to $3.7 billion thanks to the annual Singles Day sales bonanza in November.
"Alibaba had another great quarter driven by the continued strength of the Chinese consumer and the wide and innovative range of services we provide for merchants and consumers," Alibaba chief executive Daniel Zhang said in an earnings report.
