Alibaba’s April-June sales fell short of expectations due to intensifying competition and reduced online consumption

Sales did not reach analysts’ expectations in the first quarter (April-June) financial results announced on the 3rd by Alibaba Group Holding, the largest e-commerce company in China. Intensifying competition with peers such as JD.com and Pinduoduo, and the deregulation of behavioral restrictions related to the new coronavirus have led consumers to spend more on physical …

Alibaba’s April-June sales fell short of expectations due to intensifying competition and reduced online consumption Read More »