China’s Lockdowns Kneecapped One Of Its Biggest Tech Companies
News
- Aug 05, 2022
- Conservative Daily News
by Max Keating at CDN -

Chinese tech giant Alibaba announced Thursday that it posted its first negative quarter of growth since 2014 in Q2 2022, blaming “challenges posed by the COVID-19 resurgence,” according to a press release. Alibaba’s April-June revenue fell 0.1% from the same period one year earlier, the equivalent of $30.7 billion, according …
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