China’s Antimonopoly Fine Leads to First Quarterly Loss for Alibaba Since Going Public
Retail TouchPoints
MAY 13, 2021
Overall, online physical goods GMV grew 21% YoY in fiscal year 2021, driven primarily by the FMCG [ fast moving consumer goods ] and home furnishings categories. The longer a consumer has shopped on our platforms, the more they spend through more orders across more product categories,” said the company in a statement.
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