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Monday, November 25, 2024

Alibaba Says Profit Falls 81% As China Tech Crackdown Bites - UrduPoint News

Last updated Thursday, November 18, 2021 07:10 ET

Shanghai, (UrduPoint / Pakistan Point News - 18th Nov, 2021 ) :Chinese e-commerce leader Alibaba Group said on Thursday that its profit for the most recent quarter tumbled 81 percent as a government crackdown on the country's big tech champions bites.
Alibaba said its profit came in at 5.37 billion Yuan ($833 million) for the July-September period.



Read Full Story: https://www.urdupoint.com/en/miscellaneous/alibaba-says-profit-falls-81-as-china-tech-c-1404589.html

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