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Companies losses widen on costly tech talent search

Chinese e-commerce group spends to fend off rising competition

A member of's VIP delivery team practices calling a customer during a training session in Beijing. The Chinese e-commerce has moved to cut senior management jobs for the first time, while hunting for more tech talent.   © Reuters

HONG KONG -- Chinese e-commerce group sank to a wider net loss of 4.8 billion yuan ($718 million) in the fourth quarter of 2018, though investors cheered the company's revenue growth despite the country's economic slowdown.

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