(Bloomberg) — Alibaba Group Holding Ltd.’s revenue grew at the slowest pace on record for the July-September quarter, underscoring how the e-commerce giant’s post-pandemic rebound is starting to plateau.Revenue for the three months ended September rose 30% to 155.1 billion yuan ($23.4 billion), meeting the 154.8 billion yuan average of estimates. Profit fell 60% to 28.8 billion yuan from the year-earlier period, when it booked a one-time gain from the acquisition of its stake in Ant Group Co. The sales gain may not be enough to reassure investors worried about the derailment of Ant’s IPO, which sparked a $64 billion …read more
Source:: Yahoo Finance
