Aug 15 (Reuters) - Alibaba Group Holding ( BABA )
missed market expectations for first-quarter revenue on
Thursday, as the company's domestic e-commerce sales came under
pressure from cautious spending by Chinese consumers in a
faltering economy.
The company reported revenue of 243.24 billion yuan ($33.98
billion) in the quarter ended June 30, compared with analysts'
average estimate of 249.05 billion yuan, according to LSEG data.
($1 = 7.1584 Chinese yuan renminbi)
(Reporting by Deborah Sophia in Bengaluru and Casey Hall in
Shanghai; Editing by Sriraj Kalluvila)