May 14 (Reuters) - China's Alibaba Group Holding ( BABA )
on Tuesday beat analysts' estimates for fourth-quarter
revenue, as a focus on low-cost goods in response to cautious
consumer spending helped boost domestic e-commerce sales in the
three-month period.
The company reported revenue of 221.87 billion yuan ($30.66
billion)in the three months ended March 31, compared with a
consensus estimate of 219.66 billion yuan, according to LSEG
data.
($1 = 7.2355 Chinese yuan renminbi)