International Companies

Alibaba's underlying profit drops as tech investments offset top-line growth

By Benjamin Chiou

Date: Wednesday 13 May 2026

(Sharecast News) - Underlying profits at Alibaba plunged over 80% in its final quarter on the back of significant tech and ecommerce investments, though revenues at the Chinese tech titan headed higher due to strong demand in the cloud and AI sectors.
The Hong Kong stock finished the day down 0.4%...

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