Alibaba AI revenue reached $1.3B as cloud sales rose 38%, but heavy AI and quick commerce spending weighed on profitability.

Alibaba on Wednesday said its core profitability plunged in the March quarter amid heavy investments in tech and e-commerce.

Alibaba's stock is up even though the company's profits sank.

Alibaba (BABA) stock climbed 7% on Wednesday. What’s behind the move: The Chinese e-commerce and cloud giant reported a 3% ...

May 13 (Reuters) - China's Alibaba said on Wednesday that fourth-quarter revenue climbed 3%, helped by robust growth for its cloud computing and AI divisions, while its e-commerce unit also benefited ...

China's Alibaba has reported accelerating AI and cloud revenue growth driven by the AI boom, which has jumped 38% in the ...

Shares of Alibaba Group (NYSE:BABA) moved lower in U.S. premarket trading on Wednesday after the company posted quarterly ...

Alibaba’s core profitability plunged 84% year-on-year in the March quarter as heavy investments in artificial intelligence, ...

Alibaba Q4 results: 3% revenue growth (11% like-for-like), but margins and EPS plunged as AI and quick-commerce spend rose.

Alibaba Group’s profitability remained under pressure as the Chinese tech giant continues to invest heavily in artificial ...

Alibaba posted a 3% rise in fiscal fourth-quarter revenue, as its cloud and AI businesses continued to expand rapidly.

Alibaba is engaged in a margin-eroding war of discounts and subsidies with Meituan and JD.com Inc. in food delivery. And ...