Alibaba misses quarterly revenue estimates


FILE PHOTO: The Alibaba logo is seen in this illustration taken on January 29, 2025. REUTERS/Dado Ruvic/Illustration/File photo

(Reuters) -Chinese e-commerce giant Alibaba reported quarterly revenue that missed Wall Street estimates on Thursday, as the firm works on new strategies to keep consumers spending amid persistent economic weakness and global trade uncertainties.

The company reported revenue of 236.45 billion yuan ($32.79 billion) in its fiscal fourth quarter ended March 31, compared with analysts' estimates of 237.24 billion yuan, according to data compiled by LSEG.

($1 = 7.2107 Chinese yuan renminbi)

(Reporting by Deborah Sophia in Bengaluru and Casey Hall in Shanghai; Editing by Jacqueline Wong and Shinjini Ganguli)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Could your phone be affecting your skin? Dermatologists explain
AI is coming for the sommeliers
Happiness Report says it is better to be social than on social media
After K-pop and K-drama, here come K-games
Explainer-What is the World Trade Organization e-commerce moratorium?
More! More! More! Tech workers max out their AI use.
Meta's longtime content policy chief Bickert leaving to teach at Harvard
Coming of age: Mega Cat Studios releases new 'God of War' video game
AI agents: They’re fun. They’re useful. But don’t give them the credit card.
Scientists use saliva for non-invasive, AI-based Parkinson's test

Others Also Read