(Reuters) - China's Alibaba Group Holding Ltd reported lower-than-expected second-quarter revenue on Friday, another sign of slowing momentum for China's giant e-commerce platforms and its economy.
Revenue rose 54.5 percent to 85.15 billion yuan ($12.39 billion) for the three months through September, compared with the average analyst estimate of 86.51 billion yuan, according to IBES data from Refinitiv.
Net income attributable to ordinary shareholders rose 13 percent to 20.03 billion yuan, or 6.78 yuan per share.
($1 = 6.8712 Chinese yuan renminbi)
(Reporting by Catherine Cadell; Additional reporting by Akanksha Rana in Bengaluru; Editing by Arun Koyyur)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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