The mascot for Alibaba Group Holding’s Taobao e-commerce platform near the company’s headquarters in Hangzhou. Photo: Bloomberg
The mascot for Alibaba Group Holding’s Taobao e-commerce platform near the company’s headquarters in Hangzhou. Photo: Bloomberg
Alibaba
Tech /  Big Tech

Alibaba reports slowest ever revenue growth for March quarter on the back of slowing economy amid pandemic lockdowns

  • The Hangzhou-based company says its revenue reached 204.05 billion yuan (US$32.19 billion) for the quarter, beating estimates
  • Alibaba’s cloud business turns in a full year profit for the first time of 1.1 billion yuan

Tracy QuAnn Cao
Tracy Qu in Shanghaiand Ann Cao in Shanghai

Updated: 10:39pm, 26 May, 2022

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The mascot for Alibaba Group Holding’s Taobao e-commerce platform near the company’s headquarters in Hangzhou. Photo: Bloomberg
The mascot for Alibaba Group Holding’s Taobao e-commerce platform near the company’s headquarters in Hangzhou. Photo: Bloomberg
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