Chinese e-commerce giant Alibaba Group Holding Ltd’s (BABA.N) second-quarter revenue rose 32 percent, beating analysts’ estimates, even as the value of goods transacted on its platform grew at a slower pace.

Revenue rose to 22,171 billion yuan in the quarter ended Sept. 30, compared with the average analyst estimate of 21,245.29 billion yuan, according to Thomson Reuters I/B/E/S.

Gross merchandise volume, or the total value of goods transacted on its platforms on China retail marketplaces, rose 28 percent to 713 billion yuan.

(Reporting by Supantha Mukherjee in Bengaluru; Editing by Ted Kerr)

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