Alibaba’s Profit Slips as It Spends to Expand Its Empire

Source: https://www.nytimes.com/2018/05/04/technology/alibaba-earnings-profit-decline.html?partner=rss&emc=rss
May 04, 2018 at 03:01PM

The Chinese e-commerce giant is spending heavily to become a full-service tech company like Google. But expanding into new ventures isn’t cheap.