Alibaba reports Q3 revenue up 3% to ~$29B, slightly above estimates, and a surprise ~$2.9B net loss, compared to an expected ~$2.6B profit (Jane Zhang/Bloomberg)

Jane Zhang / Bloomberg:
Alibaba reports Q3 revenue up 3% to ~$29B, slightly above estimates, and a surprise ~$2.9B net loss, compared to an expected ~$2.6B profit  —  Alibaba Group Holding Ltd. reported a surprise loss after quarterly revenue barely grew, as China's rigid Covid controls continue to sap consumer sentiment.