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Chinese people ordered to think like Xi as Communist Party aims to tighten control

Chinese people ordered to think like Xi as Communist Party aims to tighten control
cnn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnn.com Daily Mail and Mail on Sunday newspapers.

Washington is warning American firms about doing business in Hong Kong

Washington is warning American firms about doing business in Hong Kong
kitv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kitv.com Daily Mail and Mail on Sunday newspapers.

Alibaba reports first-ever operating loss in 7 years due to anti-monopoly fine

Alibaba reports first-ever operating loss in 7 years due to anti-monopoly fine The fine on Alibaba led to a 7.66-billion yuan ($1.19 billion) operating loss in the fourth quarter ended March 31 Reuters | May 14, 2021 | Updated 09:15 IST China s top e-commerce platform Alibaba Group Holding Ltd on May 13 posted its first quarterly operating loss since going public in 2014 due to a record anti-monopoly fine by the country s market regulator. Its US-listed shares fell nearly 3 percent in choppy trading, even as the company forecast strong 2022 revenue, betting that the pandemic-driven shift to online shopping will remain resilient. The outlook, however, was overshadowed by a regulatory crackdown in China that led to the suspension of a $37-billion IPO of its affiliate Ant Group and a $2.8-billion fine in April for anti-competitive business practices. The fine led to a 7.66-billion yuan ($1.19 billion) operating loss in the fourth quarter ended March 31.

Alibaba reports first-ever quarterly operating loss in 7 years Here s why

Alibaba reports first-ever quarterly operating loss in 7 years. Here s why Alibaba reports first-ever quarterly operating loss in 7 years. Here s why Alibaba s US-listed shares fell nearly 3 percent in choppy trading, even as the company forecast strong 2022 revenue, betting that the pandemic-driven shift to online shopping will remain resilient. advertisement Alibaba s overall revenue rose to 187.4 billion yuan in the fourth quarter. (Photo: Reuters) China s top e-commerce platform Alibaba Group Holding Ltd on May 13 posted its first quarterly operating loss since going public in 2014 due to a record anti-monopoly fine by the country s market regulator. Its US-listed shares fell nearly 3 per cent in choppy trading, even as the company forecast strong 2022 revenue, betting that the pandemic-driven shift to online shopping will remain resilient.

Alibaba Pushed to First Operating Loss Since Going Public Due to China Anti-Monopoly Fine

Alibaba Pushed to First Operating Loss Since Going Public Due to China Anti-Monopoly Fine Alibaba s US-listed shares have fallen more than 30 percent since hitting a record high in late October. By Reuters | Updated: 14 May 2021 11:17 IST Alibaba forecast revenue of CNY 930 billion (roughly Rs. 10,59,000 crores) for year ending March 2022 Highlights It was due to a top customer with a sizeable presence outside of China Alibaba s US listed shares have fallen more than 30 percent China s top e-commerce platform Alibaba Group on Thursday posted its first quarterly operating loss since going public in 2014 due to a record anti-monopoly fine by the country s market regulator.

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