Chinese tech and e-commerce giant Alibaba on Friday reported moderate revenue growth of 5% in its latest quarter, as Beijing works to stimulate domestic spending.

Adjusted earnings before interest, taxes, depreciation and amortization declined about 4% to 47.33 billion yuan in its fiscal second quarter.

Alibaba Group Holding missed analysts' estimates for quarterly sales on Friday, as lingering economic uncertainty sapped consumer spending in China and weighed on the e-commerce giant's domestic business.