[BUSINESS]■ STORY TIMELINE

ALIBABA POSTS 9% REVENUE GROWTH AS PROFITS CRATER 75%

Alibaba's Q1 revenue hit ~$40B, meeting expectations, but net income plummeted to ~$1.6B as the e-commerce giant accelerates AI investments while facing weak domestic consumption.

1 SOURCEFIRST SEEN AUG 20, 10:20 AM► READ THE ARTICLE

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Alibaba reports Q1 revenue up 9% YoY to ~$40B, meeting est., and net income down 75% to ~$1.6B due to heavy AI spending and weak domestic retail consumption (Luz Ding/Bloomberg)

Luz Ding / Bloomberg: Alibaba reports Q1 revenue up 9% YoY to ~$40B, meeting est., and net income down 75% to ~$1.6B due…

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