The Chinese e-commerce giant Alibaba announced Thursday for 2021 a 59% drop over one year in its net profit, against a backdrop of an economic slowdown in China and regulatory tightening in the technology sector.
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In the last quarter of its staggered financial year, the group also accuses some 2.3 billion euros of losses, which it puts on the account of the “
epidemic resurgence in China, in particular in Shanghai
”.
