Chinese tech giants set to release first post-reopening earnings

Alibaba's core revenue estimated to shrink for first time ever

20230220 Alibaba Tencent Baidu and Pinduoduo

Analysts expect fourth-quarter revenue to be muted for many of China's big tech companies due to the effects of the government’s strict COVID measures. (Source photos by AP. Reuters and Getty Images)

CISSY ZHOU, Nikkei staff writer

February 20, 2023 17:37 JST

HONG KONG -- Alibaba, Tencent and Baidu are among the Chinese tech giants preparing to announce their first quarterly results since Beijing abruptly abandoned its zero-COVID policy in late December.

PDD Holdings (formerly Pinduoduo), Meituan and Netease are also gearing up for an earnings season that is expected to focus on the post-pandemic economy, the mood among regulators and hype over ChatGPT.