Alibaba sales grow at weakest pace in three years as slowing China bites

E-commerce giant Alibaba Group Holding Ltd's quarterly revenue grew at its weakest pace since 2016, as the impact of a slowing Chinese economy and a crippling Sino-U.S.

trade war kept buyers away during its top-sale season. The result is likely to add to investor worries as it highlights the mounting pressures facing the e-commerce behemoth, whose sales are often seen as a yardstick of consumer spending in the world's second-largest economy. Alibaba, the second most valuable public company in Asia after Tencent, posted on.....

This article is no longer available in our repository.

There could be multiple reasons for this.