Alibaba Group Holding Limited (BABA) reported a profit for the second quarter ended September 30, 2016 that declined 66 percent from last year. The prior year result included a non-cash revaluation gain of RMB 18.60 billion, or RMB 7.26 per share, arising from revaluation of previously held equity interest in Alibaba Health. But Quarterly revenue increased 55% from the previous year.
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