Investing.com - Chinese e-commerce giant Alibaba (NYSE:BABA) reported a better-than-expected quarterly revenue on Thursday.
Alibaba's total revenue rose 59% to 32.15 billion yuan, or $4.84 billion, in Q2 .
Analysts had expected revenue of 30.17 billion yuan.
Mobile revenue jumped 119.3% to 17.51 billion yuan.
The results defied a slowdown in the Chinese economy.
Alibaba shares were up 5% in pre-market trade.