Skip to content
Subscriber Only

Alibaba Preaches Caution as Signs Emerge of U.S-China Trade Deal

  • U.S. President is said to ask cabinet to draft potential deal
  • E-commerce giant scaled back its full-year growth forecast
First Day Of Trading For 2018 On The Floor Of The NYSE
Updated on

Alibaba Group Holding Ltd. adopted a cautious tone on the outlook for the global economy even as signs emerged of a possible end to a U.S. and Chinese trade war.

China’s largest e-commerce company reported quarterly earnings well above analysts’ estimates, while also trimming its prediction for full-year sales by as much as 6 percent. Shares slid as much as 2.7 percent.