{"id":844785,"date":"2024-08-16T09:37:58","date_gmt":"2024-08-16T04:07:58","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=844785"},"modified":"2024-08-16T09:39:03","modified_gmt":"2024-08-16T04:09:03","slug":"chinas-e-commerce-giant-alibaba-group-misses-q1-revenue-estimates","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/16\/chinas-e-commerce-giant-alibaba-group-misses-q1-revenue-estimates\/","title":{"rendered":"China&#8217;s e-commerce giant Alibaba group misses Q1 revenue estimates"},"content":{"rendered":"<p>Alibaba Group Holding missed market expectations for first-quarter revenue on Thursday, as the company&#8217;s domestic e-commerce sales came under pressure from cautious spending by Chinese consumers in a faltering economy. <\/p>\n<p>US-listed shares of the company fell about 4 per cent in premarket trading. <\/p>\n<p>A halting economic recovery in China coupled with a persistently weak property market and high job insecurity levels have sapped consumer confidence and spending power in the world&#8217;s No. 2 economy, hitting global firms across the board.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Alibaba Group Holding missed market expectations for first-quarter revenue on Thursday, as the company&#8217;s domestic e-commerce sales came under pressure from cautious spending by Chinese consumers in a faltering economy. US-listed shares of the company fell about 4 per cent in premarket trading. A halting economic recovery in China coupled with a persistently weak property market and high job insecurity levels have sapped consumer confidence and spending power in the world&#8217;s No. 2 economy, hitting global firms across the board.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,34,4],"tags":[],"class_list":["post-844785","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-it-2-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/844785","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=844785"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/844785\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=844785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=844785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=844785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}