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Alibaba Group Holding Ltd. (NYSE: BABA) reported Q2 2016 earnings today (Tuesday) of 22.7 billion yuan, or $3.6 billion in U.S. dollars. Gross merchandise volume rose 28% year over year and sales were up 32% year over year. Money Morning believes Alibaba has strong leadership through Executive Chairman Jack Ma. This isn't a stock for short-term investors, however, and our Executive Editor Bill Patalon believes this is a "legacy wealth" play you can hold on to for decades.