Author: Emily

Alibaba reports quarterly operating loss

Alibaba Group Holding Limited has  announced its financial results for the quarter and fiscal year ended March 31, 2021, revealing a loss from operations of RMB7,663 million (US$1,170 million) due to a RMB18,228 million (US$2,782 million) fine levied by China’s State Administration for Market Regulation pursuant to China’s Anti-monopoly Law.

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