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Benzinga
Benzinga
Business
Anusuya Lahiri

Alibaba, Tencent To Post Lack-Luster Quarterly Results As Domestic Regulatory Crackdown Takes A Toll

BABA Tencent Alibaba NYSE Alibaba Group Holding Limited Tencent Holding Ltd

Fastest growing companies like Alibaba Group Holding Limited (NYSE:BABA) and Tencent Holding Ltd (OTC:TCEHY) are struggling to keep up with even the most staid utilities amid China's crackdown on internet giants, Bloomberg reports.

Tencent's results on May 18 will likely show a revenue growth of a mere 4.3% in the March quarter. Alibaba's revenue will likely grow by 7.1%. 

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