Due to China's strict "zero" policy of epidemic prevention, it has hit consumer confidence, Alibaba's performance records net losses.The income has almost no growth, and the growth rate of cloud service revenue has reached the lowest level in history.NotBloomberg reported on Friday (November 18) that Alibaba announced that its net loss in the second quarter was 20.6 billion yuan (RMB, about S $ 3.956 billion), and the previous forecast was about 20.6 billion yuan.Ali has affected the performance of the equity investment market of listed companies such as Didi and GOTO on performance.The company said that it has been authorized by the board of directors to increase the existing US $ 25 billion (approximately S $ 34.358 billion) share repurchase plan, which will increase by 15 billion US dollars, and will be extended to the end of March 2025.NotThe "clear" policy and the antitrust measures for the technology industry last year weakened the momentum of performance growth, and Alibaba was focusing on profit -making.This month, the company has not fully disclosed the "Double Eleven" sales results for the first time in 14 years, indicating that the number may be disappointing.NotBaba executives published optimistic comments on the prospects of the relaxation of epidemic prevention at the conference on Thursday (17th).CEO Zhang Yong said that the "20" measures to optimize the prevention and control of the epidemic predict that the "20" measures for the prevention and control of the epidemic will have a positive impact on the performance of the company.Develop positive direction.NotBaba's quarterly revenue increased by 3%to 207.2 billion yuan in September, slightly lower than the expected level. The cloud business, which was the largest performance of the company's performance, set the minimum sales growth rate in history.NotOptimization, especially the relatively young grocery and overseas business, may temporarily increase Alibaba's profit margins.But in the long run, the company must still find answers on how to carry out more effective competition.NotFor domestic stagnation situations, Alibaba has restored the slow expansion of external expansion in recent years.Its subsidiary Lazada Group is preparing to enter the European market with its success in the Southeast Asian market.
