Business

Alibaba Reports Slashed Profits Amid Tech Investments

Updated 2026-05-13 10:00 UTC 1 source Negative

Alibaba announced a significant drop in core profitability, down 84%, as the company continues to invest heavily in technology and e-commerce.

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CNBC
Alibaba on Wednesday said its core profitability plunged in the March quarter amid heavy investments in tech and e-commerce.
2026-05-13 09:58 UTC
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