Alibaba Group Holding Ltd. posted the slowest revenue growth for the second straight quarter since it went public in 2014, and the Chinese e-commerce giant said the challenges of Covid-19 outbreaks are seriously undermining its operations across China.

The impact of Covid-19 restrictions has added to the already heavy financial toll on the company from regulatory measures and economic slowdown.

Alibaba, hit by Covid in China, posts slowest sales growth since IPO comes via ChinaTechNews.com.