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Alibaba posts flat revenue growth for the first time

August 5, 2022 by Govt jobs dhaba
Timeline: China's crackdown on private enterprise (2021)

Shares of the Chinese tech and e-commerce giant jumped more than 6% in premarket trading in New York on Thursday. Its stock in Hong Kong had earlier closed up 5.2%. The pop came despite the company reporting revenue of nearly 205.6 billion yuan (about $30.4 …

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