Staff Reporters
May 14, 2021

Singed by antitrust fine, Alibaba posts first quarterly loss as a public company

The tech giant posted an operating loss of RMB 7.6 billion ($1.1 billion) due to a RMB 18.2 billion ($2.78 billion) fine levied by China’s market regulator.

China's market regulator had fined Alibaba $2.78 billion for monopolistic practices. (Getty Images)

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