Sweden Herald - Latest Sweden News | E-commerce giant Alibaba reports unexpectedly weak fourth-quarter sales by Sweden Herald AI generated summary, Read the full article for complete information. Chinese e‑commerce giant Alibaba reported weaker‑than‑expected fourth‑quarter results, with revenue rising 3 % to 243.4 billion yuan—below analysts’ consensus of 246.5 billion yuan—while net profit essentially doubled to 25.5 billion yuan. The Hangzhou‑based conglomerate raised prices for its AI and cloud services during the quarter and, according to CEO Eddie Wu, aims to lift revenue from that segment to 100 billion yuan per year within five years. After the report, Alibaba’s stock fell about 3 % in Wall Street futures trading. Read more: https://swedenherald.com/article/ecommerce-giant-alibaba-reports-unexpectedly-weak-fourthquarter-sales #Alibaba #EddieWu #WallStreet