Good day, ladies and gentlemen. Thank you for standing by, and welcome to Alibaba Group's September quarter 2024 results conference call. At this time, all participants are in listen-only mode. After management's prepared remarks, there will be a Q&A session.

Group Holding Ltd (NYSE: BABA) reported better-than-expected third-quarter earnings on Thursday, sending its shares up 3.2% in premarket trading. The company posted adjusted

Alibaba Group Holding missed analysts' estimates for second-quarter sales on Friday, as persistent economic uncertainty sapped consumer spending in China and weighed on the e-commerce group's domestic business.

Alibaba, China’s e-commerce, entertainment and tech giant, reported a 5% increase in revenues in the three months to September.

The results come at a tricky time for Chinese commerce businesses, given the broad sluggishness in the world's second-largest economy.