Alibaba slashes sales outlook as competition bites, demand slows

For the quarter ended Sept. 30, Alibaba earned 11.20 yuan per share on an adjusted basis, missing an average estimate of 12.36 yuan. Revenue climbed 29%, the smallest rise in six quarters, to 200.7 billion yuan ($31.4 billion).

from Tech-Economic Times https://ift.tt/3kQieV2