While Chinese companies like Alibaba (NYSE:BABA) and Li Auto (NASDAQ:LI) might gain from comparatively lower inflation levels, their businesses are under pressure due to other risk factors. Alibaba’s June Quarter Results Reflect the Impact of Lockdowns While weak consumer spending trends and supply chain troubles amid COVID-19 restrictions impacted Alibaba’s e-commerce revenue, the company was able to beat analysts’ expectations for the June quarter (first quarter of Fiscal 2023). What Are Analysts Saying About Alibaba Stock?