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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.

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