Alibaba logs higher quarterly sales but posts loss on antitrust fine

Alibaba logs higher quarterly sales but posts loss on antitrust fine Chinese e-commerce giant Alibaba Group Holding Ltd. posted revenue growth on stronger retail and cloud-computing results in the latest quarter, but a large fine levied by the Chinese government dragged the company to a quarterly loss. https://ift.tt/3hofsVW https://ift.tt/33Fvenj Markets May 13, 2021 at 07:38PM