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Queen Amu
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Alibaba incurred significant losses through various investment ventures, including acquiring Ele.me, Evergrande Football, Suning.com, Youku Video, Tudou Video, UC Browser, Hema Fresh, and RT-Mart. Despite this, Alibaba remains financially stable due to the substantial profits generated by Taobao Tmall, with an annual GMV of 8 trillion and a net profit of 200 billion. Taobao Tmall has consistently contributed over 1 trillion in net profit to Alibaba in recent years, ensuring its resilience against losses from unsuccessful ventures.

Alibaba incurred significant losses through various investment ventures, including acquiring Ele.me, Evergrande Football, Suning.com, Youku Video, Tudou Video, UC Browser, Hema Fresh, and RT-Mart. Despite this, Alibaba remains financially stable due to the substantial profits generated by Taobao Tmall, with an annual GMV of 8 trillion and a net profit of 200 billion. Taobao Tmall has consistently contributed over 1 trillion in net profit to Alibaba in recent years, ensuring its resilience against losses from unsuccessful ventures.

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🔴Important Market Update: Click here to collect Free BNB Reward Tomorrow Marks a Pivotal Moment in Crypto🔴 Are You Prepared for "BIG WEDNESDAY"? Yesterday witnessed significant turbulence as $BTC and the entire crypto market continued to decline, even following the opening of the #BTC SPOT ETF Market. Tonight, we delve into the reasons behind yesterday's BTC dump and discuss why tomorrow could hold profound significance for the crypto landscape this year. 💥12th June 2024: A Potentially Momentous Day for Crypto💥 Following yesterday's downturn, we find ourselves in the calm before the storm. The market is poised to remain in the red until tomorrow, when the Federal Reserve (FED) will unveil crucial inflation data. This time, the FED is committed to delivering a decisive verdict on whether to adjust interest rates, going so far as to synchronize the release of inflation news with the interest rate decision. Tomorrow looms as a pivotal juncture. Two significant scenarios could unfold: 🔴 Scenario 1️⃣ FED confirms elevated inflation and announces no changes to interest rates for the remainder of the year. Such an announcement could trigger a sharp market downturn, potentially plummeting to $64,000 or even $60,000. 🪙 Scenario 2️⃣ (The Golden Scenario) FED acknowledges a decline in inflation and opts to lower interest rates. This development could serve as the catalyst propelling BTC to new all-time highs, effectively kickstarting the bull market. 🔥 Why the Market Dumped? 🔥 In my view, market makers and significant whales orchestrated the deliberate market dump. This strategic move aimed to secure advantageous positions by driving prices down, allowing them to open long positions in anticipation of favorable news tomorrow. The initial sell-off was subsequently compounded by individual small holders succumbing to fear and selling their holdings. 🌿
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