Alibaba falls on downbeat quarterly revenue

U.S.-listed shares of Chinese e-commerce giant Alibaba 9988.HK drop 4.8% to 127.60 premarket

Co reports fourth-quarter revenue of 236.45 billion yuan ($32.79 billion), compared with analysts' avg. estimate of 237.24 billion yuan - data compiled by LSEG

BABA struggles amid high unemployment rates and prolonged weakness in economy that is making Chinese consumers increasingly cost conscious, prompting companies to offer deep discounts and rock-bottom prices

Co reports adjusted Q4 profit of 12.52 yuan per American Depository Share, slightly below estimates of 12.94 yuan

Up to last close, stock up 58.1% YTD