SHANGHAI (Reuters) – China’s Alibaba Group Holding on Wednesday missed analysts’ estimates for third-quarter revenue, hurt by softness in the retail market and sagging economic recovery in the world’s second-largest. The company reported revenue of 260.35 billion yuan ($36.19 billion) for the three months ended Dec. 31, compared with 262.28 billion yuan expected by 19 analysts polled by LSEG.
($1 = 7.1941 Chinese yuan renminbi)
(Reporting by Harshita Varghese, Savyata Mishra and Casey Hall; Editing by Himani Sarkar)
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