Alibaba revenue beats, but investments prolong margin squeeze

Australia bans China’s Huawei from 5G mobile network, angers Beijing
August 23, 2018
Fidelity fund votes backed Tesla, potential sign of more support
August 23, 2018
This post was originally published on this site

Alibaba Group Holding Ltd , China’s biggest e-commerce firm, topped first-quarter revenue estimates on Thursday, but said investments in its food delivery business would continue to weigh on profits.