Has the storm passed for Alibaba Group Holding Ltd.?
That will be the question for executives and investors as the Chinese e-commerce giant reports earnings on Thursday in the wake of a government crackdown on co-founder Jack Ma¡¯s empire. Profit and revenue for the quarter are sure to be less consequential than any concrete evidence about whether the regulatory issues are resolved.
Alibaba has agreed to a record $2.8 billion penalty from Beijing and vowed to change certain practices deemed anti-competitive, including a requirement that merchants sell exclusively on its platforms or not at all. Executives also thanked regulators and pledged to support merchants ¡ª all in a bid to put the regulator troubles behind it.
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