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Alibaba's Profit Skyrockets 63%, But One Major Metric Missed the Mark

By Yahoo! Finance   |   Nov 15, 2024 at 12:06 PM EST
Alibaba's Profit Skyrockets 63%, But One Major Metric Missed the Mark

Alibaba's Q3 results show a 63% increase in net income driven by its cloud business and AI products. Despite missing revenue expectations, the company saw strong growth in global commerce while facing challenges in the domestic market.

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