Alibaba bites bullet in renewed push for growth amid antitrust climate, increased competition

Source: South China Morning PostAlibaba Group Holding will strengthen its engagement with consumers and merchants in the world’s largest e-commerce market, according to analysts, in an effort to put the company’s first quarterly loss in nine years behind after being slapped with a record fine by regulators for antitrust violations.“The retail business of Alibaba, which is the country’s biggest [e-commerce] player, still maintains a high growth rate,” said Chen Tao, an analyst at internet research and consulting firm Analysys…Read More

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