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US Top News and Analysis | Alibaba's core profit plunges 84% even as AI and cloud growth accelerate AI generated summary, Read the full article for complete information. Alibaba reported a dramatic 84 % drop in its core profitability for the March quarter, with adjusted earnings before interest, taxes and amortization (EBITDA) falling to 5.1 billion Chinese yuan (about $751 million) as the company continued heavy spending on technology and e‑commerce initiatives. Despite the steep decline, the firm noted that its AI and cloud businesses are still accelerating. The news initially lifted Alibaba’s U.S.-listed shares in pre‑market trading, but they later slipped, ending the session down roughly 3.4 %. Read more: https://www.cnbc.com/2026/05/13/alibaba-earnings-march-quarter-ai-cloud-growth.html #Alibaba #AI #cloudservices #

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