Latest Alibaba Group Holding Ltd News

Alibaba reports slowest growth yet amid COVID-19 outbreaks

May. 26, 2022 09:50 AM EDT

HONG KONG (AP) — Alibaba Group Holding Ltd. on Thursday reported a single-digit increase in its fourth-quarter revenue, its slowest quarter yet as its online services and e-commerce businesses took a hit amid COVID-19 lockdowns across China. Revenue increased 9% to 204.05 billion...