China Daily Reads

China Daily Reads

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China Daily Reads
China Daily Reads
Alibaba Revenue Misses Estimates in a Blow to Revival Effort

Alibaba Revenue Misses Estimates in a Blow to Revival Effort

Aug 15, 2024
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China Daily Reads
China Daily Reads
Alibaba Revenue Misses Estimates in a Blow to Revival Effort
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  • Net income dived 27% as spending on promotions ballooned

  • Commerce shrank in a worrying sign for Chinese consumption

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