Alibaba warns of drop in e-commerce revenues due to coronavirus
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(Reuters) - Alibaba Group Holding Ltd warned of a drop in revenues at its key e-commerce businesses this quarter as the coronavirus sweeping China hits supply chains and deliveries. The warning from executives came during an earnings call for the quarter ending in December 2019, during which the company beat analyst estimates and brought in record transactions for its annual Singles' Day shopping event.CEO Daniel Zhang said the delayed return to work following the Lunar New Year, due to the..