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Alibaba Revenue Growth Seen Slowest On Record; To Intensify Fight With Jd.com

By Ron Burgundy,
January 25, 2016 in Tech News

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Ron Burgundy

Posted January 25, 2016

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Posted January 25, 2016

By John Ruwitch and Paul Carsten SHANGHAI/BEIJING (Reuters) - Chinese e-commerce giant Alibaba Group Holding Ltd is expected to post its weakest quarterly revenue growth on record, Thomson Reuters data shows, a slowdown analysts say will heat up the battle with smaller rival JD.com Inc in a tougher economy. Alibaba's revenue for the quarter ending December is projected to grow at 26.6 percent, according to a Thomson Reuters SmartEstimate survey of 28 analysts, which would be the slowest rate since the company started publishing such data 3-1/2 years ago. The pace also lags the 47-51 percent revenue growth JD.com projected for the same period, which is also the slowest expansion since the company started releasing records.