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Alibaba shelves guidance due to COVID risks; resilient Q4 lifts stock

By Brenda Goh and Nivedita Balu

May 31 2022 9:14AM

COVID-19 risks clouds Alibaba outlook.

Alibaba shelves guidance due to COVID risks; resilient Q4 lifts stock

Alibaba Group on Thursday said it would not provide a forecast for the current fiscal year because COVID-19 risks clouded its outlook, after reporting its slowest quarterly revenue growth since going public in 2014. The markets, however, focused on Alibaba's quarterly revenue and earnings beat ...

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