Alibaba forecasts lowest revenue growth since 2014
Chinese e-commerce company missed second-quarter expectations due to the recent regulatory crackdown and increased competition
By Shubhangi Mathur
Published - Nov 18, 2021, 11:13 PM ET
Last Updated - Feb 13, 2024, 11:03 AM EST
• Alibaba reported slowest sales growth during its annual Singles’ Day
• Shares of Alibaba in the U.S. were down 3% before the opening bell on Thursday
Alibaba Group Holding Ltd forecast annual revenue to grow at its slowest pace since its market debut in 2014.
The Chinese e-commerce company missed second-quarter expectations due to the recent regulatory crackdown and increased competition.
