Nov 18, 2022 08:40 PM

Tech Insider: Alibaba Bleeds, Missfresh Faces 1,400 Lawsuits

Alibaba Headquarters in Beijing. Photo: VCG

Welcome to Caixin’s Tech Insider, your twice-weekly wrap on the movers, shakers and deal-makers in China’s tech scene.

Alibaba bleeds

Alibaba Group Holding Ltd. reported an unexpected net loss of 20.6 billion yuan ($2.9 billion) in the third quarter of 2022, as it marked down the value of investments across a portfolio spanning Didi Global Inc. and Indonesia’s GoTo.

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