India, Aug. 29 -- Alibaba Group Holding Limited (BABA) reported that its first quarter net income to ordinary shareholders was RMB 43.1 billion, an increase of 78% from a year ago. The company said this increase was primarily due to mark-to-market changes from equity investments and gain from the disposal of local consumer service business of Trendyol, partly offset by the decrease in income from operations. Earnings per ADS was RMB 17.98 compared to RMB 9.89. Adjusted EBITA decreased 14% year-over-year to RMB 38.84 billion primarily attributable to the investment in Taobao Instant Commerce, as well as user experiences, user acquisition and technology, partly offset by double-digit revenue growth in Alibaba China E-commerce Group, and impro...