News Snapshot:
[ad_1] Chinese language e-commerce agency Alibaba Group Holding on Thursday beat market expectations for income in its quarter ended June, whilst income was almost flat and the corporate continues to grapple with the fallout from elevated regulatory scrutiny and slowing financial system development. Alibaba reported revenues of 205.6 billion (USD 30.4 billion) for its quarter ended June, a 1 per cent lower from the identical time final yr. It was the primary time that the corporate reported a contraction in gross sales. That was nonetheless higher than the typical analyst estimate of USD 30.09 billion, in line with FactSet. Internet...
