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With Only a Fraction of Amazon's Sales, Alibaba Earns Nearly the Same Profit
Alibaba Group Holding Ltd (NYSE: BABA) has often been called the Amazon.com, Inc (NASDAQ: AMZN) of China. The companies make for an easy comparison: both are known for their e-commerce activity, but also offer a myriad of services including cloud infrastructure, one of Amazon’s fastest-growing segments.
While its sales still pale in comparison to America’s e-commerce giant, when it comes to turning a profit, Alibaba has Amazon beat.
When comparing key metrics apples to apples, Amazon tops Alibaba in nearly every category in absolute terms, but when it comes to profit margin, Alibaba has the edge. Amazon delivered a whopping $51 billion in revenue in its first-quarter report, but …