The country is feeling the effects of trade conflicts and global uncertainty.
“We definitely saw significant impact on our business in China as it relates to what's going on with the trade war right now."
Analysts warn of a hit to earnings and iPhone demand if President Trump follows through with a 10% tariff on Chinese goods.
Alibaba's move to open its platform to U.S. sellers puts it "in direct competition with Amazon in the business-to-business online marketplace."
"Trade-related uncertainty in Asia impacted our software revenue performance in the region," CFO Luka Mucic says.
Institutional investors and analysts express concerns on geopolitical tensions and a slowing global economy.
The country’s economy experienced a significant slowdown as it faces trade tensions with the United States.
Trade tensions between the United States and China continue to spur volatility.
The lawsuit comes after Huawei demanded to know why the shipping company didn’t deliver a package to the United States.
Oil demand growth falls to its lowest level in years as the global economy slows.
Huawei and 70 affiliates were placed on the U.S. trade blacklist.
The increased tariffs are in retaliation for the Trump administration’s latest decision to increase duties on Chinese products.
