Alibaba shares rise nearly 2% after earnings beat — but reports first flat revenue growth in history - CNBC

In the quarter, Alibaba faced a number of headwinds including a resurgence of Covid and lockdowns that led to a sluggish Chinese economy.

Alibaba reported fiscal first-quarter earnings on Thursday that beat expectations, sending its stock higher. The Chinese e-commerce giant's U.S.-listed shares jumped as much as 6% and closed the ses… [+4659 chars]

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