(Reuters) -Alibaba posted quarterly revenue that missed analysts' estimates on Thursday, as the e-commerce group works on new strategies to keep consumers spending amid persistent economic weakness in China and uncertainty over the impact of tariffs. Adjusted earnings of 12.52 yuan ($1.74) per American Depositary Share for its fiscal fourth quarter ended March 31 were also slightly below the 12.94 expected by analysts polled by LSEG. Revenue was 236.45 billion yuan, compared with 237.24 billion yuan expected by analysts.
European stocks closed higher on Friday, with the major markets in the region posting strong gains, amid easing concerns about U.S-China trade relations, and on upbeat U.
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