Alibaba Group Falls Short Of Its Quarterly Revenue Projection

11/20/2024 2:07:00 PM

(MENAFN- Investor Brand Network) Alibaba Group Holding Ltd. (NYSE: BABA)
has
fallen short
of its quarterly revenue projections amidst pervasive economic uncertainty and waning consumer spending in China that impacted its revenue in the East Asian nation. The Chinese e-commerce and tech giant had an adjusted profit of $2.08 per American Depository Share compared to estimates of $2.05 while its U.S.-listed shares had declined by 0.3%.

With the Chinese Economy struggling and bogged down by critical issues like...

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