Alibaba (US.BABA), Tencent (DE.NNND) and JD.com (US.JD) all just posted their slowest revenue growth on record - 30 mai 2022

Chinese tech giants Alibaba, Tencent and JD.com have all posted their slowest revenue growth on record as Covid and Beijing’s tech crackdown took their toll.Alibaba’s total revenue rose by 9% in the latest quarter from a year ago, the slowest on record, according to financial history accessed through Wind Information. Tencent’s revenue for the quarter was little changed, while JD.com saw a roughly 18% increase from a year ago — both the slowest on record, according to Wind data. 

Other Chinese companies reporting results for the latest quarter painted a more upbeat picture: Baidu - Chinese tech company Baidu’s mild 1% quarterly revenue increase was only the worst since 2020, a year that saw two quarters of revenue decline, Wind data showed. Dada - Grocery delivery company Dada, which is now majority-owned by JD, reported a 21% year-on-year revenue increase in the latest quarter, the best since the third quarter of 2021, according to Wind.

https://www.cnbc.com/2022/05/27/alibaba-tencent-and-jdcom-post-slowest-revenue-growth-on-record.html