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Facing Competition and Lower Consumption in China, Alibaba Forecasts Growth Decline – NewsBreak

Source: newsbreak.com newsbreak.com
News Snapshot:

Alibaba is forecasting slower growth as consumption in China remains down. In fact, the eCommerce company expects its annual revenue to rise more slowly than any time since its stock market debut in 2014, Reuters reported Thursday (Nov. 18). During an earnings call Thursday, Alibaba CEO Daniel Zhang also…

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