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Why Alibaba Cut Its 2019 Revenue Guidance

Naomi Gray
Why Alibaba Cut Its 2019 Revenue Guidance

Alibaba (BABA) has downgraded its growth expectations for fiscal 2019, which will end in March. In May, Alibaba forecast fiscal 2019 revenue growth of over 60%, but it now expects this growth to be slower. Alibaba’s revenue rose 58% to $39.9 billion in fiscal 2018.