Alibaba profit more than Amazon, EBay combined ahead of IPO

Alibaba Group Holding Ltd. has been described as a mixture of Amazon.com Inc. and EBay Inc. (EBAY) during the preparation for its U.S. In the last quarter, Alibaba earned more than those companies combined. Operating income at China's biggest e-commerce operator rose to $1.1 billion in the three months ended June, or 42 percent more than the combined profit of Amazon and EBay for the period. After including one-time gains, Alibaba's net income was more than double those of its competitors.

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