Tim Culpan, Columnist

Alibaba Is Being Hurt by a War at Home, Not a Trade War

Local competition and a slowing Chinese economy are having a bigger impact on the e-commerce giant.

November 2, 2018 at 2:29 PM UTC

Tim Culpan is a former Bloomberg Opinion columnist covering technology in Asia. Previously, he was a technology reporter for Bloomberg News.

Donald Trump isn’t the main menance.
Photographer: Anthony Kwan/Bloomberg

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A Donald Trump-inspired trade war between the U.S. and China isn’t the reason for Alibaba Group Holding Ltd. trimming its optimism.

China’s e-commerce giant now sees full-year revenue of 375 billion yuan ($55 billion) to 383 billion yuan, the company announced Friday. That’s 4 percent to 6 percent lower than it had expected previously.