Alibaba Group Holding Limited (NYSE:BABA) Defends Accounting Practices

Alibaba Group Holding Limited (NYSE:BABA) Defends Accounting Practices

Alibaba Group Holding Limited (NYSE:BABA) Defends Accounting Practices With the coronavirus pandemic weighing down operations and investments, Alibaba group Holding has reported its first quarterly profit decline since 2016. Revenue in what Chief financial officer Maggie Wu called “a challenging quarter” rose 22.3% in the quarter to March 31 to 114.31 billion yuan ($16.08 billion) […]