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Combing through the transcript from Alibaba's fiscal first quarter conference call, executives emphasized how much growth still lies ahead for the Chinese eCommerce giant.

Alibaba Group Holding (BABA) shares were up 4.4% in recent trading after the company reported earnings and revenue that topped analyst expectations. For Alibaba's core commerce business, with 58% year-on-year revenue growth, the China retail marketplace accounted for roughly 85% of segment revenue. New users, increased traffic and personalized offerings contributed to growth, the company said. Executive Vice Chairman Joseph C. Tsai talked about the opportunities ahead. He said: