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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
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Washington is warning American firms about doing business in Hong Kong

Washington is warning American firms about doing business in Hong Kong
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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. ....

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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. ....

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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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