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Maroc Maroc - Times of India - Business - 15/Nov 18:42

Alibaba misses quarterly revenue estimates, weighted under consumer practices

Alibaba, the Chinese e-commerce giant, fell short of analysts' profit and revenue expectations for the second quarter. The company's performance was hampered by a decline in consumer spending in China and increased competition from discount retailers. Despite this, Alibaba witnessed growth in its cloud computing and international e-commerce businesses.

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