China's JD.com misses revenue estimates as consumption weakness lingers
(Reuters) -Chinese e-commerce group JD.com missed market estimates for quarterly revenue on Thursday, as a persistent slowdown in the world's second-largest economy pressured consumers to keep a tight hold on their purse strings.
China's Alibaba Misses Quarterly Revenue Estimates
Alibaba reported revenue of 236.50 billion yuan ($32.72 billion) for the second quarter ended Sept. 30, compared with analysts' average estimate of 240.17 billion yuan, according to data compiled by LSEG. (Reporting by Deborah Sophia in Bengaluru and Casey Hall in Shanghai; Editing by Sriraj Kalluvila)
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