Alibaba Co.

Alibaba’s First Quarterly Loss Since Going Public Has Been Reported

Alibaba Group Holding Ltd, China’s largest e-commerce platform, recorded its first quarterly net loss since going public in 2014, owing to a historic anti-monopoly fine imposed by the country’s market regulator. Even as the group predicted high 2022 sales, its US-listed shares dropped nearly 3% in choppy trade, betting that the coronavirus pandemic-driven transition to […]