Alibaba records first operating loss since 2014 due to anti-monopoly fine
Tech in Asia·2021-05-14 17:00
Alibaba recorded a 7.66 billion yuan (US$1.19 billion) operating loss in the fourth quarter ended March 31 following an antitrust probe against the ecommerce giant. It marks Alibaba’s first loss since going public in 2014.
Photo credit: Alibaba Group
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