Alibaba's quarterly earnings missed revenue forecasts but beat profit estimates, signaling soft Chinese consumer spending.

Alibaba, a major Chinese e-commerce company, reported quarterly earnings that fell short of revenue expectations but exceeded profit forecasts, indicating challenges in the Chinese consumer market. The company's revenue missed estimates, while its profit beat analysts' predictions. This performance aligns with JD.com, another Chinese e-commerce giant, suggesting a broader trend of soft consumer spending in China.

November 15, 2024
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