HONG KONG -- Chinese e-commerce giant Alibaba Group Holding's net income plunged 74% in the October to December period while revenue grew by just 10% to 242.6 billion yuan ($38.35 billion), the slowest pace in a single quarter.
China tech
Alibaba Group reports slowest-ever quarterly revenue growth
Profits plunge as e-commerce giant faces crackdown, heated competition
Alibaba's sales suffer as it faces regulatory crackdown and intensifying competition. © Reuters
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