HONG KONG -- Alibaba Group Holding's growth in the new fiscal year faces uncertainties both at home and abroad as China fights a COVID-19 resurgence and Southeast Asia tries to recover from the pandemic, top management at the Chinese e-commerce leader said Thursday.
In a conference call with analysts, Daniel Zhang, Alibaba's chairman and CEO, said domestic businesses have been significantly affected by the COVID-19 outbreaks since mid-March, particularly in Shanghai, leading to low-single-digit declines in revenue growth in April compared with the same period last year.
