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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. ....

Daniel Zhang , Jack Ma , Ant Group , Adar Poonawalla Serum Institute , Alibaba Group Holding Ltd On , Alibaba Group Holding Ltd , Executive Daniel Zhang , Brock Silvers , Hong Kong Based Adamas Asset , Adar Poonawalla , Ali Baba , Alibaba Operating Loss , Alibaba Operating Loss Q4 , Alibaba Ipo , Alibaba Anti Monopoly Fine , Alibaba Annual Revenue , Alibaba Forecast Annual Revenue , Ant Group Chief Executive , Ant Group Ceo , டேனியல் ஜாங் , பலா மா , எறும்பு குழு , அடார் பூனாவல்ல சீரம் நிறுவனம் , அலிபாபா குழு வைத்திருத்தல் லிமிடெட் ஆன் , அலிபாபா குழு வைத்திருத்தல் லிமிடெட் , நிர்வாகி டேனியல் ஜாங் ,

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.
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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. ....

Daniel Zhang , Jack Ma , Ant Group , Alibaba Group Holding Ltd On , Alibaba Group Holding Ltd , Executive Daniel Zhang , Brock Silvers , Hong Kong Based Adamas Asset , Alibaba Reports First Ever Quarterly Loss , Lbaba Loss , Libaba Financial Loss , டேனியல் ஜாங் , பலா மா , எறும்பு குழு , அலிபாபா குழு வைத்திருத்தல் லிமிடெட் ஆன் , அலிபாபா குழு வைத்திருத்தல் லிமிடெட் , நிர்வாகி டேனியல் ஜாங் , புரோக் வெள்ளிகள் , ஹாங் காங் அடிப்படையிலானது அட்மாஸ் சொத்து ,

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. ....

Daniel Zhang , Jack Ma , Ant Group , Alibaba Group On , Ali Baba Group , Penalty Decision , Executive Daniel Zhang , Brock Silvers , Hong Kong Based Adamas Asset , Alibaba Earnings Quarterly Operating Loss First Since Public 2014 China Anti Monopoly Fine Jack Ma , டேனியல் ஜாங் , பலா மா , எறும்பு குழு , அலிபாபா குழு ஆன் , அலி பாபா குழு , நிர்வாகி டேனியல் ஜாங் , புரோக் வெள்ளிகள் , ஹாங் காங் அடிப்படையிலானது அட்மாஸ் சொத்து ,

Alibaba reports first quarterly loss since going public

Alibaba reports first quarterly loss since going public
Al Jazeera English
© Alibaba forecast annual revenue to be 930 billion yuan ($144.12bn) for the fiscal year ended March 2.
Alibaba forecast annual revenue to be 930 billion yuan ($144.12bn) for the fiscal year ended March 2022, above analysts average estimate of 928.25 billion yuan ($143.83bn) [File: Thomas Peter/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 United States-listed shares fell nearly 3 percent in choppy trading, even as the company forecast strong 2022 revenue, betting that the coronavirus pandemic-driven shift to online shopping will remain resilient. ....

Daniel Zhang , Jack Ma , Ant Group , Alibaba Group Holding Ltd On , Alibaba Group Holding Ltd , United States Listed , Penalty Decision , Executive Daniel Zhang , Brock Silvers , Hong Kong Based Adamas Asset , டேனியல் ஜாங் , பலா மா , எறும்பு குழு , அலிபாபா குழு வைத்திருத்தல் லிமிடெட் ஆன் , அலிபாபா குழு வைத்திருத்தல் லிமிடெட் , ஒன்றுபட்டது மாநிலங்களில் பட்டியலிடப்பட்டுள்ளது , நிர்வாகி டேனியல் ஜாங் , புரோக் வெள்ளிகள் , ஹாங் காங் அடிப்படையிலானது அட்மாஸ் சொத்து ,

Anti-monopoly fine pushes Alibaba to first operating loss as public company

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. ....

Subrat Patnaik , Daniel Zhang , Chavi Mehta , Josh Horwitz , Jack Ma , Arun Koyyur , Ant Group , Alibaba Group Holding Ltd On , Alibaba Group Holding Ltd , Penalty Decision , Executive Daniel Zhang , Brock Silvers , Hong Kong Based Adamas Asset , சுப்ரத் பாதநைக் , டேனியல் ஜாங் , சவி மேத்தா , ஜோஷ் ஹார்விட்ஸ் , பலா மா , அருண் கொய்யுர் , எறும்பு குழு , அலிபாபா குழு வைத்திருத்தல் லிமிடெட் ஆன் , அலிபாபா குழு வைத்திருத்தல் லிமிடெட் , நிர்வாகி டேனியல் ஜாங் , புரோக் வெள்ளிகள் , ஹாங் காங் அடிப்படையிலானது அட்மாஸ் சொத்து ,