China’s Antimonopoly Fine Leads to First Quarterly Loss for Alibaba Since Going Public
Retail TouchPoints
MAY 13, 2021
The number of active users on Alibaba Group ’s ecommerce platforms topped 1 billion for the first time in fiscal year 2021, but this milestone was tainted by the company’s first quarterly operating loss since it went public in 2014 — a result of the historic antitrust penalty levied against the company earlier this year. billion yuan ($1.2
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