ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
China tech

Alibaba rival beats revenue forecasts on China stimulus

No. 2 e-commerce group shifts to rural users as urbanites tighten wallets

A delivery man makes the rounds in Beijing. The e-commerce group is putting more emphasis on consumers beyond China's biggest metropolises.   © Reuters

HONG KONG -- China's second-largest e-commerce group,, topped market expectations for quarterly revenue but fell short on net profit, as the company known for high-end products boosted efforts to sell to shoppers on tighter budgets.

The Nasdaq-listed company on Tuesday reported net revenue of 150.3 billion yuan ($21.3 billion) for the April-June quarter, exceeding the market consensus of 147.5 billion yuan based on data provider Refinitiv's polling.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more