Alibaba posts slowest ever quarterly revenue growth as economy slows

Alibaba posts slowest ever quarterly revenue growth as economy slows

Alibaba full-year profit slumps nearly 60% on tech crackdown, COVID-19

BEIJING: Chinese e-commerce giant Alibaba said on Thursday (May 26) its profit fell 59 per cent in the last fiscal year, joining other tech firms that reported lacklustre results while grappling with COVID-19 restrictions and a sector crackdown. China's economy has been battered by the fallout from st

Alibaba full-year profit slumps nearly 60% on tech crackdown, Covid - Tech

Chinese e-commerce giant Alibaba said Thursday its profit fell 59 percent in the last fiscal year, joining other tech firms that reported lacklustre results while grappling with Covid-19 restrictions and a sector crackdown.

Alibaba reports slowest growth yet amid COVID-19 outbreaks

Alibaba Group Holding on Thursday reported a single-digit increase in its fourth-quarter revenue, its slowest quarter yet as its online services and e-commerce businesses took a hit amid COVID-19 lockdowns across China

Alibaba reports slowest growth yet amid COVID-19 outbreaks

Alibaba Group Holding on Thursday reported a single-digit increase in its fourth-quarter revenue, its slowest quarter yet as its online services and e-commerce businesses took a hit amid COVID-19 lockdowns across China

Alibaba’s Next Challenge: a Sputtering Chinese Economy

Beijing’s regulatory crackdown on consumer tech firms clouded Alibaba’s results last year. Rising economic headwinds for China will clearly be the top concern this year.