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Alibaba, Tencent, e-commerce operator Pinduoduo and on-demand delivery giant Meituan all performed worse than analysts forecasts in their third-quarter earnings. The results surprised many analysts who had already lowered their projections, but the performance of those companies proved worse than expected, said Tam Tsz-wang, an analyst at DBS Bank specialising in telecoms, media and technology. That level of astronomical growth is unlikely to repeat. For the latest news from the South China Morning Post download our mobile app.

Copyright By Tracy Qu and Jane Zhang. China 20h ago US lays out case against 'unlawful' China maritime claims. Why semiconductors are important in the US-China tech war This year, Alibaba unveiled an in-house general-purpose central processing unit CPU for use in its own servers. Chinese smartphone users lose 1. Article type: free. Join our Telegram channel to get our Evening Alerts and breaking news highlights.

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