Alibaba reports Q2 revenue of $12.4B, up 54% YoY, missing analyst estimates, net income of $2.66B, cuts forecasted annual revenue target by 4% to 6% (Jon Russell/TechCrunch)

Jon Russell / TechCrunch:
Alibaba reports Q2 revenue of $12.4B, up 54% YoY, missing analyst estimates, net income of $2.66B, cuts forecasted annual revenue target by 4% to 6%  —  Alibaba's long stretch of growth finally broke after the Chinese e-commerce giant reported somewhat underwhelming financial results for its Q2 2019 quarter.

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