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Alibaba Group Holding Ltd

Jack Ma, China’s Richest Man, Belongs to the Communist Party. Of Course.

HONG KONG — Jack Ma, China’s richest man and the guiding force behind its biggest e-commerce company, belongs to an elite club of power brokers, 89 million strong: the Chinese Communist Party. The party’s official People’s Daily newspaper included Mr. Ma, executive chairman of the Alibaba Group and the country’s …

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Alibaba Had Another Big Singles Day. The Party May Not Last.

The company’s methods for ginning up excitement have come under scrutiny before. Two years ago, Alibaba said that the United States Securities and Exchange Commission was investigating it for the way it reports Singles Day sales. The company’s preferred metric, gross merchandise value, is supposed to represent the amount of …

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Alibaba Feels the Pinch From China’s Slowing Growth

SHANGHAI — A slowing economy is taking a toll on China’s biggest e-commerce company. The Alibaba Group on Friday reported $12.4 billion in revenue for the latest quarter, a 54 percent increase from a year earlier but less than analysts’ estimates. The company also said it was lowering its estimate …

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