Alibaba Pushed to First Operating Loss Since Going Public Due to China Anti-Monopoly Fine


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Cloudbet Casino Adds Dogecoin, Litecoin on Its Site Following Customer Survey 1 hour ago Its US-listed shares fell nearly 3 percent in choppy trading, even as the company forecast strong 2022 revenue, betting that the pandemic-driven shift to online shopping will remain resilient. The outlook, however, was overshadowed by a regulatory crackdown in China that led to the suspension of a $37 billion (roughly Rs. 2,77,000 crores) IPO of its affiliate Ant Group and a $2.8 billion (roughly Rs. 20,540 crores) fine in April for anti-competitive business practices. Alibaba May Face Record Fine From Antitrust Regulators in China: Report The...