Alibaba beats sales expectations but warns of Covid difficulties

Alibaba has posted 9% revenue growth ($30 billion) but claims Beijing’s strict pandemic restrictions are continuing to hinder the brand.
Alibaba has posted 9% revenue growth ($30 billion) but claims Beijing’s strict pandemic restrictions are continuing to hinder the brand.
// Alibaba has posted 9% revenue growth ($30 billion) but claims Beijing’s strict pandemic restrictions are continuing to hinder the brand.
// The results mean that Alibaba has outstripped its tech rivals Tencent and Baidu.

Alibaba CEO Daniel Zhang has claimed that lockdown restrictions have bogged down the company’s logistics division and its supply chain.

Real the full story on Charged Retail 

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