Alibaba fiscal fourth-quarter revenue estimated to rise

9 articles · Updated · MarketWatch · May 11

FactSet forecasts 246.475 billion yuan in revenue and 11.16 billion yuan in net profit for the March quarter, versus 236.45 billion yuan revenue and 12.38 billion yuan profit a year earlier.
Analysts expect losses in Alibaba's quick-commerce unit to narrow as revenue there grows about 40% on higher order volumes, with CGS International saying the business could become profitable in fiscal 2029.
Daiwa said heavier artificial intelligence spending, including model training and Qwen app marketing, may pressure earnings, though Alibaba's Hong Kong-listed shares rose 13% in the first quarter amid stronger tech sentiment.

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