Alibaba’s quarterly revenue grew slowest since 2014 amid tough scrutiny, sluggish consumer spending
Alibaba’s quarterly revenue grew slowest since 2014 amid tough scrutiny, sluggish consumer spending

Alibaba’s quarterly revenue grew slowest since 2014 amid tough scrutiny, sluggish consumer spending

 

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Alibaba Group on Thursday reported a nearly 10% growth for the revenue in the three months ended December 31, marking its slowest quarterly sales growth since its public listing in 2014, amid tightening scrutiny of Big Tech firms and sluggish consumer spending.

The e-commerce giant said total revenue in the December quarter reached 242.58 billion yuan ($38.07 billion), compared with 221.08 billion yuan in the same period last year, mainly boosted . . .

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