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Benzinga
Benzinga
Business
Priya Nigam

Alibaba Faces Bigger Macros Challenges Ahead, BofA Says

Alibaba Group Holding Ltd – ADR (NYSE:BABA) indicated its gross merchandise value in the domestic marketplace had begun to decline on a year-over-year in March and had contracted by “teen %” in April.

May continues to be challenging, although there are signs of fulfillment bottlenecks beginning to ease, according to BofA Securities.

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