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Shrinking Margins Send Alibaba Valuation Down by $30B

Despite strong sales and income during the fourth quarter, Alibaba’s operating margins, which decreased from 39 percent to 31 percent year-on-year, sent the company’s valuation spiraling down by $30 billion. Alibaba shares fell by 5.9%, the largest decline since June 2016, according to Bloomberg. The online giant also announced Thursday that it will take a 33 percent…

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