Alibaba revenue growth slows to zero on weak Chinese economy

Ant Group's net profit falls 17.3% in March quarter under regulatory pressure

20220804.Alibaba.JPG

Alibaba’s Hong Kong and U.S.-listed shares have lost about half their value over the past year. © Reuters

CISSY ZHOU, Nikkei staff writer

HONG KONG -- Alibaba Group Holding's revenue was almost unchanged at 205.56 billion yuan ($30 billion) in the April-June quarter, the Chinese e-commerce company reported Thursday, as a two-month COVID-19 lockdown in Shanghai slowed China's economy.

Sponsored Content

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