Alibaba’s cloud growth hits slowdown after loss of top customer

Alibaba posted a rare operating loss in its March quarter following a 7.66 billion yuan fine levied by Chinese regulators related to the government’s anti-monopoly law. Alibaba was hit with the antitrust probe back in January, with regulators looking into allegations of monopolistic behavior, including “forced exclusivity” demands imposed on merchants.

Link: Alibaba’s cloud growth hits slowdown after loss of top customer
via http://www.zdnet.com

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