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Alibaba sales growth slows as the coronavirus impacts China’s economy

(Bloomberg)—Alibaba Group Holding Ltd. forecast slower revenue growth this year, reflecting the impact of a Chinese economic contraction on the country’s largest online marketplaces. The Chinese ecommerce leader forecast growth in revenue this year of at least 27.5% to more than 650 billion yuan ($91 billion), a deceleration from the previous year’s 35% and below […]

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