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Alibaba registers 1st quarterly operating loss since going public
short by Krishna Raj / on 13 May 2021,Thursday
China's top e-commerce platform Alibaba Group on Thursday posted its first quarterly operating loss since going public in 2014. The operating loss stood at $1,170 million for the quarter that ended in March. This comes after Alibaba was fined a record $2.8 billion by Chinese regulators after an investigation found that the company violated China's anti-monopoly law.
short by Krishna Raj / 11:27 pm on 13 May
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