The largest Chinese online store is planning to develop other types of services. The reason for such measures was the decline in online shopping activity. It is known, that Alibaba has already taken a loan of $3 billion for 5 years to develop all the new projects. The company refused to comment its further actions. But it’s expected, that in the nearest future the new ideas will let Alibaba make the previous amount of profit and reduce costs.
The news has positively affected the value of Alibaba shares, which has risen by 1.29%, and still continues to grow. Do not miss this good chance to earn money on the asset’s further increase. Remember, that trading will be available during the American session, from 14:40 to 21:00 GMT time.
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