good evening. i m marc edwards and we start with a busy night of european football for british sides. west ham united top their group in the europa league after a 2 0 win over rapid vienna at the london stadium. the opener was scored by declan rice in the first half his second goal in as many games in europe this season tapping in after good work down the left from michail antonio. they had to grind it out though, and the visitors had a penalty decision overturned before said benrama wrapped up the points for david moyes s side. celtic already face a huge challenge if they re to qualify out of their group in the europa league. they lost 4 0 at home to bayer leverkusen; florian wirtz making it 2 0 in the first half. amine adli made it four late on, meaning. now conceding eight goals in their opening two matches. and in the earlier kick offs, leicester were beaten by legia warsaw to continue
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.
Anti-monopoly fine pushes Alibaba to first operating loss as public company
By Josh Horwitz and Chavi Mehta
Reuters
(Reuters) -China s top e-commerce platform Alibaba Group Holding Ltd 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.
Its U.S.-listed shares fell nearly 3% 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.