Slowest quarterly revenue growth on record

Chinese e-commerce giant JD.com posted its slowest quarterly revenue growth on record for the first three months of the year, as Covid-19 lockdowns in the world’s second-largest economy weighed on consumer spending. JD.com beat estimates on revenue but missed expectations on profit. Here’s how JD did in the first quarter of 2022, versus Refinitiv consensus … Read more

Slowest revenue growth since IPO

Alibaba’s headquarters in Hangzhou, China, on Wednesday, Nov. 10, 2021. Qilai Shen | Bloomberg | Getty Images Alibaba on Thursday reported its slowest quarterly revenue growth since going public and missed expectations, but the Chinese e-commerce giant did beat on earnings. Here’s how Alibaba did in its fiscal third-quarter, versus Refinitiv consensus estimates: Revenue: 242.58 … Read more

Alibaba is set to report slowest ever growth in December quarter as Chinese economic headwinds hit

Alibaba could report its slowest quarterly revenue growth since public records were available from its 2014 IPO due to macroeconomic headwinds in China.