Alibaba's Revenue Misses Mark as JD.com Surpasses Expectations

Mixed results for China's leading e-commerce giants reflect broader economic challenges and shifting consumer behavior.

Alibaba reported a 4% rise in revenue, falling short of analyst expectations.
Net income for Alibaba dropped 27%, driven by heavy promotional costs and competitive pressures.
JD.com outperformed with a 1.2% revenue increase, beating market forecasts.
Both companies are investing heavily in AI and cloud technologies to drive future growth.
China's economic policies and consumer sentiment remain critical factors for e-commerce performance.