Alibaba reports Q1 revenue up 7% YoY to ~$32.8B, below $33B est., and net income up 279% to ~$1.7B, partly due to its equity investment gains; BABA drops 5%+
Crypto Sentiment Shifts Cissy Zhou / Nikkei Asia : Alibaba's Q1 revenue falls short as international e-commerce falters Bill McColl / Yahoo Finance : Alibaba Misses Forecasts on Chinese Consumer Slowdown, Competition Reuters : Alibaba misses revenue estimates amid consumption slowdown in China Lulu Yilun Chen / Bloomberg : Jack Ma-Backed Ant's Profit Fell 31% on AI, New Business Costs Matt Frankel / Motley Fool : Alibaba Doesn't Meet Lofty Expectations Reuters : Alibaba misses quarterly revenue estimates South China Morning Post : Alibaba's quarterly revenue grows 7% as ‘all-in on AI’ strategy pays off Arjun Kharpal / CNBC : Alibaba shares drop 5% in premarket trading after big profit miss Tracy Qu / MarketWatch : Alibaba Revenue Grows Despite Headwinds — Update X: Lulu Yilun Chen / @luluyilun : Ant Group's quarterly profit fell 31% as the firm invested in artificial intelligence and other initiatives to bolster revenue growth https://www.bloomberg.com/...