Alibaba’s domestic retail businesses saw revenue down 1% in Q2, JD posts retail slowdown

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Alibaba missed expectations both in revenue and net profit in the second quarter as its domestic retail businesses faced continued pressure from rivals and the macro environment. Total earnings grew 4% from a year earlier to RMB 249.8 billion ($34.8 billion), with China-focused Taobao Tmall Group recording a 1% revenue drop…
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作者 gocpmall