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Alibaba.com Profit Rises 46 Percent

Alibaba.com Ltd. said Thursday its fourth-quarter profit rose 46 percent from a year earlier and pledged further steps to overcome a fraud scandal that prompted its chief executive to resign.

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Alibaba.com CEO Resigns Over Fraud

Alibaba.com Ltd. said Monday that Chief Executive David Wei and Chief Operating Officer Elvis Lee are both leaving the company with immediate effect, taking responsibility for fraudulent activity on one of the company’s platforms.

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Alibaba, Microsoft Team Up on Chinese Search Site

Big Chinese electronic-commerce company Alibaba Group has joined with Microsoft Corp. to create a new Web-search site—a move that could challenge Baidu Inc.’s dominance of China’s search market.

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PayPal Finds a Niche in China

EBay’s flagship consumer shopping service has struggled in China, but the company is more successful here than many may think, thanks to its fast-growing online payment business, PayPal.

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Yahoo China Dealt Blow

Alibaba Group’s restructuring of its China Yahoo business, which strips out a classified listings operation added to the site last year, marks yet another setback for China Yahoo since its high-profile tie-up with the Chinese e-commerce giant four years ago.