HONG KONG -- Alibaba Group reported a disappointing quarterly performance on Friday amid weak consumption in China. Revenue grew 5% on the year to 236.5 billion yuan ($33.7 billion) in July-September, missing the average estimate of 238.92 billion yuan by analysts surveyed by LSEG.
Technology
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Delivery couriers sort out parcels for their customers at a distribution center for e-commerce platform JD.com in Beijing on Nov. 11. © AP
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