Alibaba Life is still difficult. It has survived the burden of Beijing’s regulatory fury – but now needs to learn to live with a weaker Chinese economy, which is likely to persist. And while new regulatory contracts from Beijing may be slower to emerge, a less permissive political environment in China looks permanent.
The Chinese e-commerce giant’s overall revenue was flat from a year earlier while operating profit fell 19%. That is worst revenue growth ever for the company since it went public in New York in 2014. Still, it’s better than the average estimate on S&P Global Market Intelligence — showing how pessimistic analysts are for the company. Chinese e-commerce sector.
