China’s Antimonopoly Fine Leads to First Quarterly Loss for Alibaba Since Going Public
Retail TouchPoints
MAY 13, 2021
billion ) buoyed by the consolidation of the Sun Art supermarket business, in which Alibaba took a controlling stake in October 2020. 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. billion yuan ( $109.5
193 
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