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Alibaba earnings miss expectations despite cloud acceleration

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Alibaba earnings miss expectations despite cloud acceleration

Signage at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China, on Friday, Aug. 2, 2024.

Qilai Shen | Bloomberg | Getty Images

Alibaba missed top and bottom line expectations for the June quarter of 2024 as it continues to face headwinds in its core e-commerce business amid rising competition and a cautious Chinese consumer.

Here’s how Alibaba did in the June quarter versus LSEG estimates:

  • Revenue: 243.24 billion Chinese yuan…

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