Alibaba misses quarterly revenue estimates

Haidilao International Holding

07/02/2024 11:32

SHANGHAI, Feb 7 (Reuters) - China's Alibaba Group
Holding  9988.HK  on Wednesday missed analysts' estimates for
third-quarter revenue, hurt by softness in the retail market and
sagging economic recovery in the world's second-largest.
    The company reported revenue of 260.35 billion yuan  ($36.19
billion) for the three months ended Dec. 31, compared with
262.28 billion yuan expected by 19 analysts polled by LSEG.

($1 = 7.1941 Chinese yuan renminbi)

 (Reporting by Harshita Varghese, Savyata Mishra and Casey Hall;
Editing by Himani Sarkar)
 ((Casey.Hall@thomsonreuters.com;))