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Alibaba revenue growth slows, margins decline in December quarter

2019-01-30 15:33:00| Telecompaper Headlines

(Telecompaper) Chinese e-commerce group Alibaba reported a slowdown in revenue growth and lower margins in the December quarter, suggesting it is also feeling the effects of the slowdown in the Chinese economy. Sales rose 41 percent year-on-year to CNY 117.28 billion (USD 17.06 billion), compared to growth 54 percent in the previous quarter and 61 percent the quarter before. 

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