Market - Page 286

Alibaba Faces Sales Setback Amid Economic Challenges in China

Alibaba Faces Sales Setback Amid Economic Challenges in China

Alibaba Group Holding encountered difficulties in meeting analysts’ expectations for quarterly sales, attributed to ongoing economic instability that has dampened consumer expenditure in China. Despite this shortfall, its shares rose by 3.3% in pre-market trading following the announcement of an adjusted profit
15 November 2024
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