Alibaba Group Holding Ltd , on Thursday reported flat quarterly revenue growth for the first time in its history, showing how China's COVID lockdowns have hit its business.
The slowdown adds to challenges facing China’s e-commerce giant, which has enjoyed double-digit revenue growth almost every quarter since it went public in 2014, as it navigates Beijing’s crackdown on tech companies as well as its scrutiny of founder Jack Ma.
#shorts #china #alibaba #lockdow #technologynews #corporatenews #dailyupdates #technologyupdates #technews #dailybusinessnewsanalysis
https://theselectivs.com
The slowdown adds to challenges facing China’s e-commerce giant, which has enjoyed double-digit revenue growth almost every quarter since it went public in 2014, as it navigates Beijing’s crackdown on tech companies as well as its scrutiny of founder Jack Ma.
#shorts #china #alibaba #lockdow #technologynews #corporatenews #dailyupdates #technologyupdates #technews #dailybusinessnewsanalysis
https://theselectivs.com
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