According to foreign media reports, Alibaba’s expectations were low coming into the fiscal second-quarter earnings report as a result.

    Here’s how Alibaba did in its fiscal second-quarter, versus Refinitiv consensus estimates:  Revenue: 200.69 billion yuan ($31.4 billion) vs. 204.93 billion yuan estimated, a 29% year-on-year rise. EPS: 11.20 yuan vs. 12.36 yuan estimated, a 38% year-on-year decline.

    It previously expected to bring in 930 billion yuan, which would have been about 29.5% year-on-year growth. But it now expects growth to be between 20% and 23% year-on-year.

    About Alibaba

    Alibaba Group Holding Co., Ltd. is a company founded in 1999 in Hangzhou, Zhejiang Province by 18 founders led by Jack Ma. It operates a number of businesses, and also obtains support for operating the business ecosystem from the businesses and services of affiliated companies. Business and related companies include: Taobao, Tmall, Juhuasuan, AliExpress, Alibaba International Market, 1688, Alibaba, Alibaba Cloud, Ant Financial, Cainiao.com, etc.

    On the ranking of “The First Daguan·Keweiwei World Brand Value Top 900" released on March 14, 2021, Alibaba's brand value was 5873.69 billion RMB, ranking the 39th.

作者：Nan