China's Alibaba Group Holding Ltd misses analyst estimates for first-quarter revenue

Aug 04, 2021, 01:35 PM(IST) WION Video Team
China's Alibaba Group Holding Ltd missed analyst estimates for first-quarter revenue as its e-commerce business was hurt by rising competition from smaller players such as JD.Com Inc and Pinduoduo Inc. Alibaba's results mirror those of e-commerce giant Amazon.com Inc in the United States.
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