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Alibaba says, yes, coronavirus is hurting the Chinese economy.

The e-commerce giant is the first major Chinese tech company to post financial results since the epidemic emerged, and it warned of a "significantly" negative impact on its growth.


The company's results for the final three months of 2019 were strong, Bloomberg reports. But CFO Maggie Wu explained that the epidemic "has negatively impacted the overall China economy," adding that "the means of production in the economy has been hampered by the delayed opening of offices, factories and schools." The situation, she said, "will present near-term challenges to Alibaba's businesses across the board."

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Shopify is joining Facebook’s Libra cryptocurrency group.

The e-commerce software platform will contribute at least $10 million to the project, reports TechCrunch.

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Google doesn’t want to disclose some antitrust-related documents.

The Wall Street Journal reports that the company is "resisting efforts to surrender emails, text messages and other documents sought by state investigators," who are studying the company for potential anticompetitive behavior.

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Flipkart is challenging an Indian antitrust probe.

The Walmart-owned e-commerce site filed a legal challenge against the investigation, Reuters reports, after Amazon filed a similar challenge earlier this month.

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New Mexico sued Google for violating child privacy laws.

The state accused Google of collecting students' location, browsing history, contact information and voice-recording data using its Chromebooks and education platform, without parental consent.

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Could Apple yield to antitrust concerns over its app empire?

Bloomberg reports that Apple is considering adding the ability for users to change the default browser, email and music apps on iOS, as well as allowing third-party music apps to work with its HomePod speaker.

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