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PYONGYANG, North Korea (AP) — Its capital has been duly spruced up, the masses prepped for their rallies and leader Kim Jong Un appears to be set to take center stage Friday when North Korea pulls back the curtain on what promises to be the country's biggest political show in years, if not decades: the first full congress of its ruling party since 1980.
Alibaba Group Holding Ltd, China's biggest e-commerce company, said fourth-quarter sales rose 39 percent after its core online shopping business grew, but profit fell for the first time as it spent on ventures like food delivery. Net income excluding extraordinary items, Alibaba's preferred measure for earnings, shrank 1.4 percent to 7.6 billion yuan from the previous year, as the company continued to invest heavily in new but shakier businesses. Its online finance affiliate Ant Financial Services Group, one of founder Jack Ma's crown jewels in his e-commerce empire, recorded a net loss in the quarter.