(Reuters) -China's Alibaba Group Holding ( BABA ) beat analysts' estimates for fourth-quarter revenue on Tuesday, as a focus on low-cost goods in response to cautious consumer spending helped boost domestic e-commerce sales in the three-month period.

Its U.S.-listed shares, however, fell about 3% in premarket trading, as profit fell about 86% in the fourth quarter.

Consumers in China have been spending carefully after the pandemic amid an economic slowdown and property slump.

Analysts expected strong growth from Alibaba's ( BABA ) international digital commerce arm, given its investments in building global market share and appetite among global consumers for low-cost goods from China.

Analysts expect a 39% revenue rise in the segment, according to LSEG data.

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.

Net income in the March-quarter was 3.27 billion yuan ($451.94 million), compared with 23.52 billion yuan a year ago.

($1 = 7.2355 Chinese yuan renminbi)

(Reporting by Akash Sriram in Bengaluru and Casey Hall in Shanghai; Editing by Sonali Paul and Arun Koyyur)