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Alibaba, Tapestry, Neiman Marcus, Bentley and ThredUp

Due to ongoing challenges with the COVID-19 pandemic, Alibaba's explosive growth is slowing down. Image credit: Alibaba


Luxury Daily’s live news for Aug. 4:

Alibaba revenue plateaus for first time since 2014
Ecommerce giant Alibaba is seeing revenue flatline for the first time since going public in 2014, however, shares in the company increased Thursday morning.