Luz Ding / Bloomberg:
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 — Alibaba Group Holding Ltd. reported weaker-than-expected sales, stoking concerns about its ability to convert substantial AI investments into a major growth driver.
