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As Domestic Sales Slow, Alibaba Looks to Overseas Unit to Bolster Growth

Alibaba Group Holding Ltd. (NYSE: BABA) has revealed that it will focus its attention on its overseas business to bolster company performance amid sluggish domestic consumption growth. The company has experienced rising year-over-year losses in recent years, partly due to poor economic conditions in the domestic market.

China’s economy struggled to recover to pre-COVID levels after Beijing lifted coronavirus restrictions, leaving many critical sectors such as…

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