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Alibaba's profit in Q4 tumbles due to equity investments, New York-listed stock plunges

Retrieved on: 2024-05-14 18:01:18

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Alibaba's profit in Q4 tumbles due to equity investments, New York-listed stock plunges. View article details on hiswai:

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Alibaba Group reported an 86% decline in net profit for Q4 due to falling equity investment values, despite a revenue increase and growth in e-commerce and cloud sectors. Shares fell by 7% post-announcement.

Article found on: apnews.com

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