China’s top technology, e-commerce and consumer electronic firms are set to report a sharp slowdown in revenue growth for the June quarter, as a bruising trade war with the United States weighed on the Chinese economy and hurt consumer spending.
Revenues at a handful of China’s biggest tech firms are expected to grow 26 percent on average in the quarter ended June 30—the slowest in six quarters—compared with the same period a year earlier, according to consensus estimates from Refinitiv. This includes China’s e-commerce giant Alibaba Corp. and its smaller rival JD.com, internet firm Baidu Inc., and Tencent Holdings, the world’s largest gaming company.
