The Chinese e-commerce giant’s fourth-quarter revenue grew as consumer sentiment held up and the e-commerce giant’s AI efforts continued to bear fruit

Alibabas shares tumbled on Friday after the tech giants quarterly results fell short of expectations, raising concerns about weakening consumer demand in China and underwhelming AI-related growth. In Hong Kong,

Alibaba shares fell as much as 5% in U.S. premarket trading Thursday after the Chinese e-commerce giant reported fiscal fourth-quarter earnings that missed analyst expectations on both revenue and net income.