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Alibaba Group posts its first loss since IPO

… as is massive anti-trust fine imposed by Chinese regulator for monopolistic practices CEO Daniel Zhang eats humble pie... … but stresses intent to double-down on cloud investments   Chinas Alibaba group has just announced its first quarterly loss since it became a listed company in 2014. In a conference call to investors following the disclosure, Daniel Zhang, the Chairman and CEO explained why. Its down to two factors; the fallout from Jack Ma getting on the wrong side of the Politburo ...
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