Caixin
Jan 31, 2019 06:27 PM
YOUR BRIEFING

Thursday Tech Briefing: Growth Slows at Alibaba

1. Alibaba Posts Smallest Revenue Gain Since 2016

Chinese e-commerce giant Alibaba Group Holding Ltd. reported a 41% rise in quarterly revenue, the slowest growth since 2016, reflecting tightening purse strings as the world’s second-largest economy cools.

Alibaba said revenue from core commerce rose 40% year-on-year to 102.8 billion yuan ($15.30 billion) in the December quarter. Annual active consumers on its China retail marketplaces reached 636 million, up 35 million from the end of September.

loadingImg
Register to read this article for free.
Register
Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.