Mr Rein said another concern was that Alibaba was paying the price for its pre-IPO corporate shopping spree, and a hiring glut that raised staff headcount by nearly 50 per cent.
Falling raw milk prices caused by a supply glut have boosted margins more than discounting hit revenues.
Yum, gorge, glut.
Precise current data on private schools are unavailable, but interviews with representatives of independent and religious schools all told the same story: a glut of applicants, higher rejection rates.
