Alibaba Group Holding Limited (NYSE:BABA) stock is trading lower Thursday after the company’s fiscal first-quarter print. The Chinese e-commerce juggernaut is fighting intense domestic e-commerce rivalry in a weak domestic economy.  The Jack Ma co-founded e-commerce giant reported fiscal first-quarter 2024 revenue growth of 4% year-on-year to $33.47 billion, missing the analyst consensus estimate of $34.81 billion. Adjusted earnings per ADS of $2.26 beat the analyst consensus estimate of $2.13.  Net income plunged 29% Y/Y to $3.34 billion. Adjusted net income declined 9% Y/Y to $5.6 billion. Segments: Taobao and Tmall Group revenue declined by 1% year over year to $15.60 billion. Alibaba International Digital Commerce Group revenue increased by 32% year over year to $4.03 billion. Local Services Group revenue grew by ...