Alibaba cuts its revenue forecast as growth slackens

Alibaba’s long stretch of growth finally broke after the Chinese e-commerce giant reported somewhat underwhelming financial results for its Q2 2019 quarter. The company fell short of market expectation as it rang up RMB 85.15 billion ($12.398 billion) in revenue during Q2 2019, coming in slightly below Bloomberg’s estimate of RMB86.58 billion, or $12.4 billion. […]...