(May 13): Alibaba Group Holding Ltd. forecast 2022 revenue that beat estimates, signaling it’s moving past a bruising antitrust investigation that dragged it into the red for the first time in nine years.

Jack Ma’s flagship e-commerce firm forecast revenue for the year ending March 2022 will rise at least 30% to more than 930 billion yuan ($144 billion), beating the 923.5 billion average seen by analysts. That’s a deceleration from the previous year’s 41%. Sales for the three moths ended March was a better-than-expected 187.4 billion yuan, but it swung to a 5.5 billion yuan net loss -- its first since 2012 -- after the company swallowed a $2.8 billion fine for monopolistic behavior imposed by Beijing.