Alibaba Group Holding Ltd. (NYSE: BABA) has fallen short of its quarterly revenue projections amidst pervasive economic uncertainty and waning consumer spending in China that impacted its revenue in the East Asian nation. The Chinese e-commerce and tech giant had an adjusted profit of $2.08 per American Depository Share compared to estimates of $2.05 while its U.S.-listed shares had declined by 0.3%.
With the Chinese economy struggling and bogged down by critical issues like…
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