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Alibaba reports 86% plunge in fourth-quarter profit, but revenue still tops estimates

Retrieved on: 2024-05-14 16:40:20

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Alibaba reports 86% plunge in fourth-quarter profit, but revenue still tops estimates. View article details on hiswai:

Summary

The article discusses Alibaba Group's financial performance, highlighting an 86% drop in fourth-quarter profits due to equity investment valuations, though revenue exceeded expectations. Issues like internet censorship in India and challenges from competitors are indirectly hinted but not directly addressed. The tags and key concept of 'Bytedance' are not directly related to the text's main focus on Alibaba's financials and strategies.

Article found on: www.theglobeandmail.com

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