Alibaba: Alibaba revenue growth stagnates for the first time as a result of China's lockdowns

Alibaba Group Holding Ltd. Reported flat quarterly revenue growth for the first time in its history. Company's performance was better than expected, and its shares were 4.3 percent higher in early US trading. CEO said the company saw signs of a business recovery in July, but emphasized that the following months would be a period of cost-cutting and efficiency.
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3 months ago