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Virus outbreak hitting many areas of China economy: Alibaba

Epidemic hurting production as many workers can't get to or do their jobs; consumers are cutting discretionary spending

The company's latest results show revenue surged a better-than- expected 38 per cent to 161.5 billion yuan (S$32 billion), while net income rose 58 per cent to 52.3 billion yuan, but overall revenue is negatively impacted in the current quarter.

Hong Kong

ALIBABA Group Holding Ltd warned that the coronavirus responsible for killing more than 1,300 people in China is exerting a fundamental impact on the country's consumers and merchants, and will hurt its revenue growth in the current quarter.

Alibaba, the first major...

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