Alibaba Misses on 243.4 Billion Yuan Revenue as AI Push Fails to Lift Sales

3 articles · Updated · Bloomberg · May 13

243.4 billion yuan in quarterly revenue missed analysts’ 246.5 billion yuan estimate, even as Alibaba posted 3% year-on-year sales growth.
The shortfall sharpened concerns that cloud and AI initiatives — despite price hikes and restructuring — are not yet translating into stronger top-line momentum.
25.5 billion yuan in net income roughly doubled from a year earlier, helped in part by gains from equity investments rather than core operating growth.
The results leave Alibaba under pressure to show that heavy AI spending can become a meaningful growth engine, not just a cost center.

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