Alibaba's Profits Drop 88% Amid Coronavirus Pandemic

China's Alibaba Group has just announced its financial results, much of which has been negatively impacted by the ongoing coronavirus pandemic.While the company reported a revenue of roughly $16.14 billion USD over the last quarter -- an increase of 22 percent year-over-year -- its net income attributable to ordinary shareholders was only at $447 million USD, marking a massive 88 percent decrease. Even more significantly, its overall net income was just $49 million USD, a decrease of a staggerin...