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E-commerce large Alibaba Group Holding reported an 87 per cent year-on-year decline in web revenue for the September quarter, lacking expectations as the corporate invested extra in its younger enterprise.Web revenue fell to three.4 billion yuan (US$524 million), in contrast with 26.5 billion yuan a yr earlier. The drop was worse than what was anticipated by analysts, who estimated the corporate would see 24 billion yuan in web revenue. Alibaba attributed the decline to heavy funding in its new discount…
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