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Read More »Alibaba is hurt by a war at home, not a trade war
A Donald Trump-inspired trade war between the US and China isn’t the reason for Alibaba Group Holding Ltd. trimming its optimism. China’s e-commerce giant now sees full-year revenue of 375 billion yuan ($55 billion) to 383 billion yuan, the company announced. That’s 4 percent to 6 percent lower than it had expected previously. But the weakness comes from a competitive ...
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