(Reuters) - Alibaba Group Holding Ltd's quarterly revenue rose 45 percent, beating analysts' expectations, as the Chinese e-commerce company reported a jump in gross merchandise volume.
The company's revenue rose to $2.81 billion in the quarter ended March 31, beating the average analyst estimate of $2.77 billion, according to Thomson Reuters I/B/E/S.
Gross merchandise volume on China retail marketplaces rose 40 percent to $97 billion.
(Reporting by Supantha Mukherjee in Bengaluru and John Ruwitch in Shanghai; Editing by Joyjeet Das)
