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China e-commerce leader Alibaba Group (BABA) is boosting spending on its non-e-commerce ventures and cutting ad prices, moves that will drag down the company’s take rates and gross profit margin in upcoming years, said Pacific Crest Securities in a research note released late Sunday. Pacific Crest lowered its gross margin estimates for Alibaba in fiscal years 2016 and 2017, but the investment bankremains “positive” about the company’s prospects in Scalper1 News
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