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VIRUS OUTBREAK
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.
PHOTO: REUTERS
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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