Alibaba reports Q3 revenue up 2% YoY ~$41.3B, below ~$42B est., and net income down 67% YoY to ~$2.4B, as it seeks to monetize its expensive AI push (Luz Ding/Bloomberg)

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Luz Ding / Bloomberg:
Alibaba reports Q3 revenue up 2% YoY ~$41.3B, below ~$42B est., and net income down 67% YoY to ~$2.4B, as it seeks to monetize its expensive AI push — Alibaba Group Holding Ltd.'s earnings plunged while revenue barely grew, underscoring the urgency behind the Chinese e-commerce leader's drive …

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