The Red Devils were defeated by a score of 81-74 in a crucial game in the prestigious tournament held in Singapore.
Ahly displayed a strong start and the Bulls trailed 12-22 at the end of the first quarter.
However, Ahly faced a setback in the second quarter and the Chinese team led 38-37 at halftime.
Zhejiang Golden Bulls maintained their dominance in the third quarter with a 59-53 lead and ultimately secured a comfortable seven-point victory.
The Singapore Sports Hub was selected as the venue for the 33rd edition of the event, which took place 21-24 September.
Despite finishing fourth in the overall ranking, Ahly made history in the FIBA Club World Cup by defeating USA's Ignite in the opening game on Thursday, becoming the first African team to secure a victory in this prestigious tournament.
However, they suffered a 90-70 loss to Brazil's Sesi Franca in their second game of the tournament on Friday.
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