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Alibaba Surpasses Revenue Forecast, Faces 52% Net Income Drop

11/26/2025

Summary

Story summary

Alibaba Group Holding Ltd reported revenue of 247.8 billion yuan (US$34.8 billion) for second quarter ended September 30, ahead of Bloomberg's 245.2 billion yuan forecast.
Net income fell 52% to 21 billion yuan year over year, despite beating the 9.2 billion yuan forecast.
Eddie Wu Yongming, Alibaba's CEO, announced a US$52 billion commitment to computing resources as Alibaba invests in artificial intelligence (AI) and notes demand could drive capex.

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Story summary

Alibaba Group Holding Ltd reported revenue of 247.8 billion yuan (US$34.8 billion) for second quarter ended September 30, ahead of Bloomberg's 245.2 billion yuan forecast.
Net income fell 52% to 21 billion yuan year over year, despite beating the 9.2 billion yuan forecast.
Eddie Wu Yongming, Alibaba's CEO, announced a US$52 billion commitment to computing resources as Alibaba invests in artificial intelligence (AI) and notes demand could drive capex.