Alibaba sees sales up at least 48%

First financial forecast since group went public, in wake of SEC probe in the United States

Alibaba Group Holding Ltd said that its revenue growth will accelerate this fiscal year as China's largest e-commerce company provided its first financial forecast since going public in 2014.

The company predicted sales will rise at least 48 percent in the year ending March 2017 as it pushes into new markets and businesses beyond e-commerce.