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Alibaba gets more bang for its buck as revenue growth tops forecasts

(Reuters) – China’s Alibaba Group Holding Ltd is squeezing more money from online shopping than expected, beating analyst forecasts for revenue growth and putting its shares on track for their biggest daily rise since the firm’s blockbuster flotation. “Mobile is the trend and Alibaba is capturing that trend,” said T.H. Capital Research analyst Tian Hou. Alibaba’s New York-listed shares were up 6 percent in morning trade.

Cyber data-sharing measure headed for U.S. Senate approval

By Dustin Volz WASHINGTON (Reuters) – Sharing of computer data on cyber threats between the private sector and U.S. government would increase under legislation expected to win Senate approval on Tuesday despite objections of privacy advocates who fear excessive government surveillance. Two related measures won approval in the House of Representatives earlier this year and must be reconciled with the Senate bill before final legislation goes to President Barack Obama.