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Alibaba lowers second-quarter gross merchandise volume estimates

September 8, 2015 creative alibaba, alibaba-group, china, conference, estimates-due, global-tech, its-initial, jinjia-village, now-expects, rural-service, said-it-now, said-on-tuesday, she-bought, tonglu, zhejiang

(Reuters) – Alibaba Group Holding Ltd said on Tuesday it expected second-quarter gross merchandise volume (GMV) to be lower than its initial estimates due to weaker consumer spending in China. Alibaba said it now expects GMV to be lower in mid-single digits on a percentage basis from its earlier estimates.