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Baidu extends post-COVID recovery with quarterly sales beat

Baidu extends post-COVID recovery with quarterly sales beat
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Alibaba targets 30% revenue growth after posting first loss since 2012

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Alibaba Group Holding forecast 2022 revenue that beat estimates, signaling it’s moving past an antitrust investigation that dragged it into the red for the first time in nine years.
Jack Ma’s flagship e-commerce company forecast revenue for the year ending March 2022 will rise at least 30 per cent to more than 930 billion yuan ($144 billion), beating the 923.5bn yuan average seen by analysts. That’s a deceleration from the previous year’s 41 per cent.
Sales for the three months ended on March was a better-than-expected 187.4bn yuan, but it swung to a 5.5bn yuan net loss – its first since 2012 –after the company swallowed a $2.8bn fine for monopolistic behaviour imposed by Beijing. ....

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Alibaba's Odd Response To China's Record Anti-Trust Fine: Gratitude

After China imposed a record antitrust fine on Alibaba Group Holding Ltd., the e-commerce giant did an unusual thing: It thanked regulators. ....

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Record Alibaba Fine Shows China's Big Tech Can't Fi...

“Alibaba would not have achieved our growth without sound government regulation and service, and the critical oversight, tolerance and support from all of our constituencies have been crucial to our development,” the company said in an open letter. “For this, we are full of gratitude and respect.”
It’s a sign of how odd China’s crackdown on the power of big tech has been compared with the rest of the world. Mark Zuckerberg and Tim Cook would likely not express such public gratitude if the U.S. government were to hit Facebook Inc. or Apple Inc. with record antitrust fines. ....

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"Gratitude": Alibaba's Strange Response to China's Record Anti-Trust Fine

"Gratitude": Alibaba's Strange Response to China's Record Anti-Trust Fine - Naveen Bharat : Read Today's Truth News Headlines, Get Breaking News, Latest News, India News, World News ....

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