China’s Alibaba Group Holding Ltd. forecast annual revenue to grow at its slowest pace since its 2014 stock market debut as second-quarter results missed expectations due to slowing consumption, increasing competition, and a regulatory clampdown.
U.S.-listed shares of Alibaba, which expects its fiscal year 2022 revenue to grow by 20 percent to 23 percent, were down 3 percent before the opening bell on Thursday.
