News Snapshot:
Contact Us Go to... Alibaba makes record $28.6Bn revenue in Q4 but still posted first loss in 7 years due to China fine Tomiwa Onaleye 4 hours ago Jack Ma’s Alibaba Group Holding Ltd. generated a record $28.6 billion revenue in the quarter ended March 31st. This is a 64% growth from the $17.7 billion reported during the same quarter last year. However, the revenue growth was overshadowed by the Chinese regulatory crackdow n that triggered its first loss in over 7 years. Alibaba’s profit took a major hit after the company was fined $2.8 billion for monopolistic behaviour imposed...
