ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
China tech

Alibaba to report quarterly results as weak online sales bite

Beijing's crackdown on China's tech sector pressures e-commerce giant

Alibaba's cloud unit, which reported 33% on-year revenue growth for the quarter ended September, is also facing regulatory scrutiny.    © Reuters

HONG KONG -- China's Alibaba Group Holding is set to report its latest quarterly earnings this week, as the embattled company grapples with heated competition, a regulatory crackdown and sluggish growth in its domestic e-commerce operations.

Its U.S.-listed shares have lost more than half their value in the past year and analysts warned that slide may continue. Those dire predictions followed media reports Tuesday that Chinese authorities told state-owned companies to launch fresh checks on their financial exposure and other links to Alibaba's financial affiliate, Ant Group.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more