[BUSINESS]■ STORY TIMELINE

ALIBABA POSTS FIRST OPERATING LOSS SINCE 2021

Alibaba Group reported its first operating loss since the Covid pandemic, driven by aggressive spending on artificial intelligence initiatives. The e-commerce giant is betting heavily on AI to fuel its next growth phase.

2 SOURCESFIRST SEEN MAY 13, 09:39 AM► READ THE ARTICLE

Bloomberg Tech+0m

Alibaba Posts First Operating Loss Since 2021 After AI Splurge

Alibaba Group Holding Ltd. posted its first operating loss since the depths of the Covid pandemic, underscoring the exte…

Techmeme+46m

Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part due to investments, as it seeks to monetize AI (Luz Ding/Bloomberg)

Luz Ding / Bloomberg: Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$…

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