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Alibaba’s Quarterly Revenue Declines, However Income Rises

Alibaba’s Quarterly Revenue Declines, However Income Rises

Alibaba Group Holding Ltd. stated its quarterly income grew about 10%, although revenue fell because the Chinese language e-commerce large confronted sluggish consumption in China and rising spending to counter native competitors.

The corporate posted quarterly income of $38.07 billion, beneath the $38.98 billion that analysts surveyed by FactSet had been anticipating.

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