E-commerce giant Alibaba’s headquarters in Hangzhou in China’s eastern Zhejiang province on May 26, 2022. Photo: AFP
E-commerce giant Alibaba’s headquarters in Hangzhou in China’s eastern Zhejiang province on May 26, 2022. Photo: AFP
Alibaba

Tech-stock rally on Alibaba results may be short-lived, as pandemic impact on industry, consumer spending come into focus

  • Two prominent brokerages on Friday cut their earnings forecasts for Alibaba Group Holding this year by as much as 11 per cent
  • Regulatory matters recede as a concern, as lockdown-driven slowdowns in consumer spending and industrial output come into focus

E-commerce giant Alibaba’s headquarters in Hangzhou in China’s eastern Zhejiang province on May 26, 2022. Photo: AFP
E-commerce giant Alibaba’s headquarters in Hangzhou in China’s eastern Zhejiang province on May 26, 2022. Photo: AFP
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