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Cloud and AI gains boost Alibaba’s profit, but EPS misses

Steady performance in commerce and strong growth in AI-driven cloud services lifted Alibaba’s profit, though an EPS shortfall tempered investor sentiment.

3 mins read
  • Lazada’s first profit milestone hints at Alibaba’s USD 7.7 billion investment bearing fruit, but intense competition leaves a long road ahead.

    News

    Alibaba’s Lazada achieves first profit despite TikTok Shop’s 2023 market surge

    2 mins read

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