ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Companies

Alibaba logs lackluster earnings and cuts full-year forecast

China slowdown hurt both revenue and net income

Alibaba's headquarters in Hangzhou, China. Slower economic growth at home is pushing down the earnings of the e-commerce company.
Alibaba's headquarters in Hangzhou, China. Slower economic growth at home is pushing down the earnings of the e-commerce company.   © Reuters

HONG KONG -- Chinese e-commerce leader Alibaba Group Holding missed analysts' expectations for both revenue and net income in its latest quarterly earnings, as the country's economic slowdown cuts into the company's growth.

The company also revised its full-year revenue estimate, saying it expects a 4% to 6% lower result than initially projected.

Sponsored Content

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

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