Alibaba, Tencent and JD.com all just posted their slowest revenu

 

• Alibaba’s total revenue rose by 9% in the latest quarter from a year ago, the slowest on record, according to financial history accessed through Wind Information. 
• Tencent’s revenue for the quarter was little changed, while JD.com saw a roughly 18% increase from a year ago — both the slowest on record, according to Wind data.
• Chinese tech giant Baidu’s mild 1% revenue increase was only the worst since 2020, a year that saw two quarters of revenue decline, Wind data showed.
• https://www.cnbc.com/2022/05/27/alibaba-tencent-and-jdcom-post-slowest-revenue-growth-on-record.html
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