Alibaba bites bullet in renewed push for growth amid antitrust climate, increased competition

//Alibaba bites bullet in renewed push for growth amid antitrust climate, increased competition

Alibaba bites bullet in renewed push for growth amid antitrust climate, increased competition

Alibaba Group Holding will strengthen its engagement with consumers and merchants in the world’s largest e-commerce market, according to analysts, in an effort to put the company’s first quarterly loss in nine years behind after being slapped with a record fine by regulators for antitrust violations.“The retail business of Alibaba, which is the country’s biggest [e-commerce] player, still maintains a high growth rate,” said Chen Tao, an analyst at internet research and consulting firm Analysys…

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By | 2021-05-14T13:00:21+00:00 May 14th, 2021|Technology|Comments Off on Alibaba bites bullet in renewed push for growth amid antitrust climate, increased competition