By and and
with contributions from Reuters
 on August 27, 2014

In what might be the final financial report before Alibaba Group Holding Ltd. goes public, the company on Wednesday said first-quarter net income nearly tripled as mobile revenues helped to fuel its e-commerce growth in China.

Alibaba’s first-quarter report came on the same day that Reuters reported China’s Dalian Wanda Group is set to launch an e-commerce venture with Tencent Holdings Ltd. and Baidu Inc.

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