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Alibaba records first quarterly operating loss since IPO by Associated Press, The Associated Press Posted May 13, 2021 9:39 am EDT Last Updated May 13, 2021 at 9:44 am EDT HONG KONG (AP) Alibaba had its first quarterly operating loss since it went public in 2014 after Beijing slapped a record $2.8 billion fine on the nation’s largest e-commerce company for abusing its market position. The loss tied to the anti-monopoly fine was 7.66 billion yuan ($1,170 million) for the quarter that ended in March, though revenue growth was 64%, reaching 187.4 billion yuan ($28.6 million). At the opening bell on the NYSE Thursday, shares tumbled more than 6%. Authorities launched an investigation into Alibaba last year and abruptly halted the $37 billion initial public offering of shares from its financial affiliate Ant Group as Beijing grew increasingly concerned over the growing influence of technology giants in China.

Daniel zhangAnt group asAssociated pressAlibaba group holding newAnt groupGroup holdingNew york listedடேனியல் ஜாங்தொடர்புடையது ப்ரெஸ்எறும்பு குழுகுழு வைத்திருத்தல்புதியது யார்க் பட்டியலிடப்பட்டுள்ளது