CANBERRA: Wall Street expected the company to post earnings per share of $3.42 on revenue of $21.25 billion, according to a Thomson Reuters consensus estimate.
The company’s quarterly results were also expected to reflect a grim outlook for consumer spending in the world’s second-biggest economy. Consumer spending accounted for 60 percent of China’s economic growth in the first half of 2015.
Last month , Alibaba said it had invested in Paytm, India’s biggest mobile payment and commerce platform, but did not disclose the size of the deal. Alibaba’s stock has plummeted this year, falling over 25 percent, according to FactSet.
