China's E-Commerce Giant Alibaba Misses First-Quarter Revenue Estimates

Reuters08-15

Alibaba Group Holding missed market expectations for first-quarter revenue on Thursday, as the company's domestic e-commerce sales came under pressure from cautious spending by Chinese consumers in a faltering economy.

U.S.-listed shares of the company fell about 3% in premarket trading.

A halting post-COVID recovery in China coupled with a persistently weak property market and high job insecurity levels have sapped consumer confidence and spending power in the world's No. 2 economy, hitting global firms across the board.

Alibaba is also grappling with stiff competition from rivals including JD.com and discount-focused retail platforms such as PDD Holdings' Pinduoduo and ByteDance-owned Douyin.

Alibaba reported revenue of 243.24 billion yuan ($33.98 billion) for the quarter ended June 30, compared with analysts' average estimate of 249.85 billion yuan, according to Bloomberg data.

Net income in the quarter was 24.69 billion yuan, compared with 34.33 billion yuan a year earlier.

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Comments

hphoa
08-15
hphoa
Baby black sheep 🐑
setia100
08-15
setia100
It keeps pushing nonsense items to customers subscribing to it's online website. 😁 Business must be bad❗😀
Nomadr
08-15
Nomadr
Good I waiting to collect hehe 😜
Andrewinho
08-15
Andrewinho
RUN!! 😱😱😱😱😱

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's E-Commerce Giant Alibaba Misses First-Quarter Revenue Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-08-15 18:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Alibaba Group Holding missed market expectations for first-quarter revenue on Thursday, as the company&#39;s domestic e-commerce sales came under pressure from cautious spending by Chinese consumers in a faltering economy.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b73006376eb798b3f064ffcbc54c7cf8\" title=\"\" tg-width=\"1080\" tg-height=\"1080\"/></p><p>U.S.-listed shares of the company fell about 3% in premarket trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/829bd5ff93955ecb8829c656e5241f14\" title=\"\" tg-width=\"412\" tg-height=\"387\"/></p><p>A halting post-COVID recovery in China coupled with a persistently weak property market and high job insecurity levels have sapped consumer confidence and spending power in the world&#39;s No. 2 economy, hitting global firms across the board.</p><p>Alibaba is also grappling with stiff competition from rivals including JD.com and discount-focused retail platforms such as PDD Holdings&#39; Pinduoduo and ByteDance-owned Douyin.</p><p>Alibaba reported revenue of 243.24 billion yuan ($33.98 billion) for the quarter ended June 30, compared with analysts&#39; average estimate of 249.85 billion yuan, according to Bloomberg data.</p><p>Net income in the quarter was 24.69 billion yuan, compared with 34.33 billion yuan a year earlier.</p><p></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2459759441","content_text":"Alibaba Group Holding missed market expectations for first-quarter revenue on Thursday, as the company's domestic e-commerce sales came under pressure from cautious spending by Chinese consumers in a faltering economy.U.S.-listed shares of the company fell about 3% in premarket trading.A halting post-COVID recovery in China coupled with a persistently weak property market and high job insecurity levels have sapped consumer confidence and spending power in the world's No. 2 economy, hitting global firms across the board.Alibaba is also grappling with stiff competition from rivals including JD.com and discount-focused retail platforms such as PDD Holdings' Pinduoduo and ByteDance-owned Douyin.Alibaba reported revenue of 243.24 billion yuan ($33.98 billion) for the quarter ended June 30, compared with analysts' average estimate of 249.85 billion yuan, according to Bloomberg data.Net income in the quarter was 24.69 billion yuan, compared with 34.33 billion yuan a year earlier.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":338800828658048,"gmtCreate":1723719184736,"gmtModify":1723719189380,"author":{"id":"3567852837945728","authorId":"3567852837945728","name":"setia100","avatar":"https://community-static.tradeup.com/news/5d07af59743ad001196b7aca5f1726d7","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3567852837945728","idStr":"3567852837945728"},"htmlText":"It keeps pushing nonsense items to customers subscribing to it's online website. 😁 Business must be bad❗😀","listText":"It keeps pushing nonsense items to customers subscribing to it's online website. 😁 Business must be bad❗😀","text":"It keeps pushing nonsense items to customers subscribing to it's online website. 😁 Business must be bad❗😀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/338800828658048","repostId":2459759441,"repostType":4,"repost":{"id":"2459759441","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1723717919,"share":"https://ttm.financial/m/news/2459759441?lang=&edition=fundamental","pubTime":"2024-08-15 18:31","market":"sh","language":"en","title":"China's E-Commerce Giant Alibaba Misses First-Quarter Revenue Estimates","url":"https://stock-news.laohu8.com/highlight/detail?id=2459759441","media":"Reuters","summary":"Aug 15  - Alibaba Group Holding    missed market expectations for first-quarter revenue on Thursday, as the company's domestic e-commerce sales came under pressure from cautious spending by Chinese consumers in a faltering economy.     The company reported revenue of 243.24 billion yuan   in the quarter ended June 30, compared with analysts' average estimate of 249.05 billion yuan, according to LSEG data.  ","content":"<html><head></head><body><p>Alibaba Group Holding missed market expectations for first-quarter revenue on Thursday, as the company&#39;s domestic e-commerce sales came under pressure from cautious spending by Chinese consumers in a faltering economy.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b73006376eb798b3f064ffcbc54c7cf8\" title=\"\" tg-width=\"1080\" tg-height=\"1080\"/></p><p>U.S.-listed shares of the company fell about 3% in premarket trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/829bd5ff93955ecb8829c656e5241f14\" title=\"\" tg-width=\"412\" tg-height=\"387\"/></p><p>A halting post-COVID recovery in China coupled with a persistently weak property market and high job insecurity levels have sapped consumer confidence and spending power in the world&#39;s No. 2 economy, hitting global firms across the board.</p><p>Alibaba is also grappling with stiff competition from rivals including JD.com and discount-focused retail platforms such as PDD Holdings&#39; Pinduoduo and ByteDance-owned Douyin.</p><p>Alibaba reported revenue of 243.24 billion yuan ($33.98 billion) for the quarter ended June 30, compared with analysts&#39; average estimate of 249.85 billion yuan, according to Bloomberg data.</p><p>Net income in the quarter was 24.69 billion yuan, compared with 34.33 billion yuan a year earlier.</p><p></p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's E-Commerce Giant Alibaba Misses First-Quarter Revenue Estimates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's E-Commerce Giant Alibaba Misses First-Quarter Revenue Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-08-15 18:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Alibaba Group Holding missed market expectations for first-quarter revenue on Thursday, as the company&#39;s domestic e-commerce sales came under pressure from cautious spending by Chinese consumers in a faltering economy.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b73006376eb798b3f064ffcbc54c7cf8\" title=\"\" tg-width=\"1080\" tg-height=\"1080\"/></p><p>U.S.-listed shares of the company fell about 3% in premarket trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/829bd5ff93955ecb8829c656e5241f14\" title=\"\" tg-width=\"412\" tg-height=\"387\"/></p><p>A halting post-COVID recovery in China coupled with a persistently weak property market and high job insecurity levels have sapped consumer confidence and spending power in the world&#39;s No. 2 economy, hitting global firms across the board.</p><p>Alibaba is also grappling with stiff competition from rivals including JD.com and discount-focused retail platforms such as PDD Holdings&#39; Pinduoduo and ByteDance-owned Douyin.</p><p>Alibaba reported revenue of 243.24 billion yuan ($33.98 billion) for the quarter ended June 30, compared with analysts&#39; average estimate of 249.85 billion yuan, according to Bloomberg data.</p><p>Net income in the quarter was 24.69 billion yuan, compared with 34.33 billion yuan a year earlier.</p><p></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2459759441","content_text":"Alibaba Group Holding missed market expectations for first-quarter revenue on Thursday, as the company's domestic e-commerce sales came under pressure from cautious spending by Chinese consumers in a faltering economy.U.S.-listed shares of the company fell about 3% in premarket trading.A halting post-COVID recovery in China coupled with a persistently weak property market and high job insecurity levels have sapped consumer confidence and spending power in the world's No. 2 economy, hitting global firms across the board.Alibaba is also grappling with stiff competition from rivals including JD.com and discount-focused retail platforms such as PDD Holdings' Pinduoduo and ByteDance-owned Douyin.Alibaba reported revenue of 243.24 billion yuan ($33.98 billion) for the quarter ended June 30, compared with analysts' average estimate of 249.85 billion yuan, according to Bloomberg data.Net income in the quarter was 24.69 billion yuan, compared with 34.33 billion yuan a year earlier.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":338798001975688,"gmtCreate":1723718495196,"gmtModify":1723718499731,"author":{"id":"3567256937368628","authorId":"3567256937368628","name":"Nomadr","avatar":"https://static.tigerbbs.com/87ffa292cf6c6bac6572beb240597005","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3567256937368628","idStr":"3567256937368628"},"htmlText":"Good I waiting to collect hehe 😜&nbsp;","listText":"Good I waiting to collect hehe 😜&nbsp;","text":"Good I waiting to collect hehe 😜","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/338798001975688","repostId":2459759441,"repostType":2,"repost":{"id":"2459759441","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1723717919,"share":"https://ttm.financial/m/news/2459759441?lang=&edition=fundamental","pubTime":"2024-08-15 18:31","market":"sh","language":"en","title":"China's E-Commerce Giant Alibaba Misses First-Quarter Revenue Estimates","url":"https://stock-news.laohu8.com/highlight/detail?id=2459759441","media":"Reuters","summary":"Aug 15  - Alibaba Group Holding    missed market expectations for first-quarter revenue on Thursday, as the company's domestic e-commerce sales came under pressure from cautious spending by Chinese consumers in a faltering economy.     The company reported revenue of 243.24 billion yuan   in the quarter ended June 30, compared with analysts' average estimate of 249.05 billion yuan, according to LSEG data.  ","content":"<html><head></head><body><p>Alibaba Group Holding missed market expectations for first-quarter revenue on Thursday, as the company&#39;s domestic e-commerce sales came under pressure from cautious spending by Chinese consumers in a faltering economy.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b73006376eb798b3f064ffcbc54c7cf8\" title=\"\" tg-width=\"1080\" tg-height=\"1080\"/></p><p>U.S.-listed shares of the company fell about 3% in premarket trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/829bd5ff93955ecb8829c656e5241f14\" title=\"\" tg-width=\"412\" tg-height=\"387\"/></p><p>A halting post-COVID recovery in China coupled with a persistently weak property market and high job insecurity levels have sapped consumer confidence and spending power in the world&#39;s No. 2 economy, hitting global firms across the board.</p><p>Alibaba is also grappling with stiff competition from rivals including JD.com and discount-focused retail platforms such as PDD Holdings&#39; Pinduoduo and ByteDance-owned Douyin.</p><p>Alibaba reported revenue of 243.24 billion yuan ($33.98 billion) for the quarter ended June 30, compared with analysts&#39; average estimate of 249.85 billion yuan, according to Bloomberg data.</p><p>Net income in the quarter was 24.69 billion yuan, compared with 34.33 billion yuan a year earlier.</p><p></p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's E-Commerce Giant Alibaba Misses First-Quarter Revenue Estimates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's E-Commerce Giant Alibaba Misses First-Quarter Revenue Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-08-15 18:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Alibaba Group Holding missed market expectations for first-quarter revenue on Thursday, as the company&#39;s domestic e-commerce sales came under pressure from cautious spending by Chinese consumers in a faltering economy.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b73006376eb798b3f064ffcbc54c7cf8\" title=\"\" tg-width=\"1080\" tg-height=\"1080\"/></p><p>U.S.-listed shares of the company fell about 3% in premarket trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/829bd5ff93955ecb8829c656e5241f14\" title=\"\" tg-width=\"412\" tg-height=\"387\"/></p><p>A halting post-COVID recovery in China coupled with a persistently weak property market and high job insecurity levels have sapped consumer confidence and spending power in the world&#39;s No. 2 economy, hitting global firms across the board.</p><p>Alibaba is also grappling with stiff competition from rivals including JD.com and discount-focused retail platforms such as PDD Holdings&#39; Pinduoduo and ByteDance-owned Douyin.</p><p>Alibaba reported revenue of 243.24 billion yuan ($33.98 billion) for the quarter ended June 30, compared with analysts&#39; average estimate of 249.85 billion yuan, according to Bloomberg data.</p><p>Net income in the quarter was 24.69 billion yuan, compared with 34.33 billion yuan a year earlier.</p><p></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2459759441","content_text":"Alibaba Group Holding missed market expectations for first-quarter revenue on Thursday, as the company's domestic e-commerce sales came under pressure from cautious spending by Chinese consumers in a faltering economy.U.S.-listed shares of the company fell about 3% in premarket trading.A halting post-COVID recovery in China coupled with a persistently weak property market and high job insecurity levels have sapped consumer confidence and spending power in the world's No. 2 economy, hitting global firms across the board.Alibaba is also grappling with stiff competition from rivals including JD.com and discount-focused retail platforms such as PDD Holdings' Pinduoduo and ByteDance-owned Douyin.Alibaba reported revenue of 243.24 billion yuan ($33.98 billion) for the quarter ended June 30, compared with analysts' average estimate of 249.85 billion yuan, according to Bloomberg data.Net income in the quarter was 24.69 billion yuan, compared with 34.33 billion yuan a year earlier.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":338796107075736,"gmtCreate":1723718135747,"gmtModify":1723718139795,"author":{"id":"3581563418944392","authorId":"3581563418944392","name":"Andrewinho","avatar":"https://static.tigerbbs.com/3127e2bc40ab23064a5187a00a63e19b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3581563418944392","idStr":"3581563418944392"},"htmlText":"RUN!! 😱😱😱😱😱","listText":"RUN!! 😱😱😱😱😱","text":"RUN!! 😱😱😱😱😱","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/338796107075736","repostId":2459759441,"repostType":2,"repost":{"id":"2459759441","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1723717919,"share":"https://ttm.financial/m/news/2459759441?lang=&edition=fundamental","pubTime":"2024-08-15 18:31","market":"sh","language":"en","title":"China's E-Commerce Giant Alibaba Misses First-Quarter Revenue Estimates","url":"https://stock-news.laohu8.com/highlight/detail?id=2459759441","media":"Reuters","summary":"Aug 15  - Alibaba Group Holding    missed market expectations for first-quarter revenue on Thursday, as the company's domestic e-commerce sales came under pressure from cautious spending by Chinese consumers in a faltering economy.     The company reported revenue of 243.24 billion yuan   in the quarter ended June 30, compared with analysts' average estimate of 249.05 billion yuan, according to LSEG data.  ","content":"<html><head></head><body><p>Alibaba Group Holding missed market expectations for first-quarter revenue on Thursday, as the company&#39;s domestic e-commerce sales came under pressure from cautious spending by Chinese consumers in a faltering economy.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b73006376eb798b3f064ffcbc54c7cf8\" title=\"\" tg-width=\"1080\" tg-height=\"1080\"/></p><p>U.S.-listed shares of the company fell about 3% in premarket trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/829bd5ff93955ecb8829c656e5241f14\" title=\"\" tg-width=\"412\" tg-height=\"387\"/></p><p>A halting post-COVID recovery in China coupled with a persistently weak property market and high job insecurity levels have sapped consumer confidence and spending power in the world&#39;s No. 2 economy, hitting global firms across the board.</p><p>Alibaba is also grappling with stiff competition from rivals including JD.com and discount-focused retail platforms such as PDD Holdings&#39; Pinduoduo and ByteDance-owned Douyin.</p><p>Alibaba reported revenue of 243.24 billion yuan ($33.98 billion) for the quarter ended June 30, compared with analysts&#39; average estimate of 249.85 billion yuan, according to Bloomberg data.</p><p>Net income in the quarter was 24.69 billion yuan, compared with 34.33 billion yuan a year earlier.</p><p></p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's E-Commerce Giant Alibaba Misses First-Quarter Revenue Estimates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's E-Commerce Giant Alibaba Misses First-Quarter Revenue Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-08-15 18:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Alibaba Group Holding missed market expectations for first-quarter revenue on Thursday, as the company&#39;s domestic e-commerce sales came under pressure from cautious spending by Chinese consumers in a faltering economy.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b73006376eb798b3f064ffcbc54c7cf8\" title=\"\" tg-width=\"1080\" tg-height=\"1080\"/></p><p>U.S.-listed shares of the company fell about 3% in premarket trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/829bd5ff93955ecb8829c656e5241f14\" title=\"\" tg-width=\"412\" tg-height=\"387\"/></p><p>A halting post-COVID recovery in China coupled with a persistently weak property market and high job insecurity levels have sapped consumer confidence and spending power in the world&#39;s No. 2 economy, hitting global firms across the board.</p><p>Alibaba is also grappling with stiff competition from rivals including JD.com and discount-focused retail platforms such as PDD Holdings&#39; Pinduoduo and ByteDance-owned Douyin.</p><p>Alibaba reported revenue of 243.24 billion yuan ($33.98 billion) for the quarter ended June 30, compared with analysts&#39; average estimate of 249.85 billion yuan, according to Bloomberg data.</p><p>Net income in the quarter was 24.69 billion yuan, compared with 34.33 billion yuan a year earlier.</p><p></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2459759441","content_text":"Alibaba Group Holding missed market expectations for first-quarter revenue on Thursday, as the company's domestic e-commerce sales came under pressure from cautious spending by Chinese consumers in a faltering economy.U.S.-listed shares of the company fell about 3% in premarket trading.A halting post-COVID recovery in China coupled with a persistently weak property market and high job insecurity levels have sapped consumer confidence and spending power in the world's No. 2 economy, hitting global firms across the board.Alibaba is also grappling with stiff competition from rivals including JD.com and discount-focused retail platforms such as PDD Holdings' Pinduoduo and ByteDance-owned Douyin.Alibaba reported revenue of 243.24 billion yuan ($33.98 billion) for the quarter ended June 30, compared with analysts' average estimate of 249.85 billion yuan, according to Bloomberg data.Net income in the quarter was 24.69 billion yuan, compared with 34.33 billion yuan a year earlier.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":10,"commentSize":4,"repostSize":3,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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