May 13 (Reuters) – China’s Alibaba said on Wednesday that fourth-quarter revenue climbed 3%, helped by robust growth for its cloud computing and AI divisions, while its e-commerce unit also benefited from a new round of government subsidies.
Revenue came in at 243.38 billion yuan ($35.84 billion) for the quarter ended March 31, missing an LSEG consensus estimate from 20 analysts of 247.22 billion yuan.
($1 = 6.7904 Chinese yuan renminbi)
(Reporting by Deborah Sophia in Bengaluru and Casey Hall in Shanghai; Editing by Edwina Gibbs)
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