Alibaba reports first-ever quarterly operating loss in 7 yea

Alibaba reports first-ever quarterly operating loss in 7 years. Here's why


Alibaba reports first-ever quarterly operating loss in 7 years. Here's why
Alibaba reports first-ever quarterly operating loss in 7 years. Here's why
Alibaba's 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.
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Alibaba's overall revenue rose to 187.4 billion yuan in the fourth quarter. (Photo: Reuters)
China's top e-commerce platform Alibaba Group Holding Ltd on May 13 posted its first quarterly operating loss since going public in 2014 due to a record anti-monopoly fine by the country's market regulator. Its US-listed shares fell nearly 3 per cent in choppy trading, even as the company forecast strong 2022 revenue, betting that the pandemic-driven shift to online shopping will remain resilient.

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