Thursday, November 17, 2022

Alibaba Slips Into Loss as Investment Values Weaken

Chinese tech and entertainment giant Alibaba reported net losses of $2.89 billion for the three months between July and September, compared with profits of $3.16 billion in the same period last year. Revenues in local currency terms were up 3% at RMB207 billion. Reported in US dollars revenues appeared to decline from $31.1 billion to […]

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