Alibaba's Revenue Jumps 9% as AI Cloud Growth Hits 45%—But a Profit Plunge Sends Shares Lower
In brief Alibaba's fiscal first-quarter revenue rose 9% year-over-year to 268.95 billion yuan ($40 billion), narrowly beating the 268.88 billion yuan analyst estimate, while net income fell 75% to RMB 10.44billion ($1.6...
Bitcoin 1 Minute
A notable development has hit the crypto markets. In brief Alibaba's fiscal first-quarter revenue rose 9% year-over-year to 268. 95 billion yuan ($40 billion), narrowly beating the 268.
88 billion yuan analyst estimate, while net income fell 75% to RMB 10. Alibaba Cloud's external revenue growth accelerated to 45%, and AI-related product revenue logged its 12th straight quarter of triple-digit growth, reaching 12.
Market Dynamics
Capital expenditure jumped 75% to 67. 7 billion yuan ($10 billion), pushing free cash flow to a $6.
6 billion outflow; U. -listed shares fell as much as 5% before paring the drop to roughly 3.
This shift continues to shape the digital-asset landscape, with analysts examining its near-term effects.
