Chinese ecommerce group Alibaba reported slowing growth in the second quarter, missing analyst expectations as its core online sales business faltered in the face of competition from Pinduoduo and JD.com.
Alibaba’s lacklustre earnings report comes as its shares have already been battered by China’s tightening regulatory environment for tech companies and a government-led “rectification” campaign aimed at sister company Ant Group.
“We are in the process of studying the regulatory requirements, evaluating the potential impacts on our relevant businesses and we will respond positively with actions,” said chief executive Daniel Zhang.
您已閱讀18%（639字），剩餘82%（2890字）包含更多重要資訊，訂閱以繼續探索完整內容，並享受更多專屬服務。