ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Companies gains as Alibaba feels pain in virus scramble

China's No. 2 e-tailer reaps benefits of own supply chain and logistics

A delivery worker wearing a face mask unloads parcels outside a residential compound in Beijing on Feb. 21.   © Reuters

NEW YORK -- Second-ranked Chinese e-retailing platform offered a rare note of optimism Monday amid widespread coronavirus gloom, forecasting double-digit revenue growth for the current quarter.

The Nasdaq-listed company expects net revenue to increase "at least 10%" on the year for the January-March period -- a sharp contrast to larger rival Alibaba Group Holding, which warned last month that first-quarter revenue in its core commerce business would likely drop.

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