[BUSINESS]■ STORY TIMELINE
ALIBABA POSTS FIRST OPERATING LOSS SINCE 2021
Alibaba Group reported its first operating loss since the Covid pandemic, driven by aggressive spending on artificial intelligence initiatives. The e-commerce giant is betting heavily on AI to fuel its next growth phase.
Bloomberg Tech+0m
Alibaba Group Holding Ltd. posted its first operating loss since the depths of the Covid pandemic, underscoring the exte…