Alibaba’s growth slips to slowest pace in 6 years

Published



SAN FRANCISCO (AP) — Alibaba’s quarterly revenue growth has slipped to its slowest pace in six years, a development that could dampen demand to invest in the Chinese e-commerce company’s upcoming stock offering.

News of the slowdown emerged Monday in a regulatory filing that provided the first update on Alibaba’s performance since the company submitted paperwork in May for an initial public offering of stock. Several other updates are likely before Alibaba completes the IPO in late summer or early fall.

Full midterm coverage.Deeper analysis.

Get unlimited access to Washington Examiner's reporting, expert analysis, and coverage of the midterm elections.

Get Unlimited Access

Cancel anytime.