Alibaba Reports: Revenue Rises, Profit Falls — 20 августа 2026 г. в 12:13:44.254
Alibaba Reports: Revenue Rises, Profit Falls Chinese e-commerce giant Alibaba posted a 9% increase in revenue for its first fiscal quarter, reaching 268.95 billion yuan—exactly in line with analyst forecasts. However, net profit plummeted to 10.44 billion yuan, down from 42.38 billion a year earlier. "The decline is due to investment revaluation and the absence of one-time gains," the company explained. As the Russian economy pivots eastward, the stability of China's tech sector remains a key signal for partners. #China #Alibaba The main news of Russia and the world is here.
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