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Alibaba's core profit plunges 84% even as AI and cloud growth accelerate

Cnbc · · 98 words · By Arjun Kharpal
open_in_new Read the original article: https://www.cnbc.com/2026/05/13/alibaba-earnings-march-quarter-ai-cloud-growth.h…

fact_checkFact-Check Results

4 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

info Single Source 3
verified Verified By Reference 1
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“Alibaba on Wednesday said its core profitability plunged in the March quarter amid heavy investments in tech and e-commerce.”
SINGLE SOURCE
One web search result mentions profits were 'tempered' due to investments in digital entertainment and media, but the specific claim about 'core profitability plunging in the March quarter' is not corroborated by multiple independent sources in the provided evidence.
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web search NEUTRAL — But profits in the second quarter were "tempered" due to investments outside of the company's core e-commerce business, including those in digital entertainment and media, said Maggie Wu, chief financ…
https://phys.org/news/2018-11-alibaba-revenue-bonanza-single…
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web search NEUTRAL — Alibaba Investor Relations site contains information about Alibaba Corporation Inc and provides information about the business & financial information relevant to shareholders, potential investors, an…
https://www.alibabagroup.com/en-US/ir-financial-reports-fina…
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web search NEUTRAL — Alibaba stock dipped as the China e-commerce giant reported quarterly earnings before the market open that beat estimates on the top and bottom line.
https://www.investors.com/news/technology/alibaba-stock-quar…
verified
“The Chinese tech giant said its adjusted earnings before interest, taxes, and amortization, a measure of the company's underlying profitability, came in at 5.1 billion Chinese yuan ($750.9 million).”
VERIFIED BY REFERENCE
The provided evidence for this claim consists of general Wikipedia entries about Alibaba's founding and general company descriptions. There is no financial data or mention of adjusted EBITDA figures (5.1 billion yuan) in the evidence provided.
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wikipedia NEUTRAL — Li & Fung Limited is a Hong Kong–based supply chain management company. Established in 1906, the company became publicly traded in 1973 and has since played a significant role in manufacturing apparel…
https://en.wikipedia.org/wiki/Li_&_Fung
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wikipedia NEUTRAL — Shopee Pte. Ltd., trading as Shopee, is a Singaporean multinational technology company that specialises in e-commerce and operates mainly in Southeast Asia. As of 2023, Shopee is recognized as the lar…
https://en.wikipedia.org/wiki/Shopee
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web search NEUTRAL — On 28 June 1999, [1] Jack Ma, with 17 friends and students founded Alibaba.com, a China-based B2B marketplace site, in his Hangzhou apartment. In October 1999, Alibaba received a US$25 million investm…
https://en.wikipedia.org/wiki/Alibaba_Group
+ 2 more evidence sources
info
“Alibaba's U.S.-listed shares were initially higher in premarket trade before turning negative.”
SINGLE SOURCE
The evidence provided consists of general links to MarketWatch, Nasdaq, and CNN's pre-market trading pages. None of these sources provide the specific price movement data for Alibaba shares on the day in question.
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web search NEUTRAL — BABA | A complete BABA overview by MarketWatch. View the latest market news and prices, and trading information.
https://www.marketwatch.com/investing/stock/baba
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web search NEUTRAL — Nasdaq Listed ETFs where BABA is a top 10 holding*. Symbol. % Weighting. PGJ Invesco Golden Dragon China ETF.If you see an issue with the data or information displayed on this page, please report it u…
https://www.nasdaq.com/market-activity/stocks/baba
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web search NEUTRAL — Pre-market stock trading coverage from CNN. View pre-market trading, including futures information for the S&P 500, Nasdaq Composite and Dow Jones Industrial Average.
https://www.cnn.com/markets/premarkets
info
“They were last seen trading down 3.4%.”
SINGLE SOURCE
The evidence provided consists of general company overviews from Wikipedia, Nasdaq, and Yahoo Finance. There is no specific data regarding a 3.4% decrease in share price at the time of the report.
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web search NEUTRAL — Alibaba Group Holding Limited, branded as Alibaba, is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology.Around 44% of Alibaba shares are held by t…
https://en.wikipedia.org/wiki/Alibaba_Group
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web search NEUTRAL — Real-time bid and ask information is powered by Nasdaq Basic, a premier market data solution. This data feed is available via Nasdaq Data Link APIs; to learn more about subscribing, visit Learn More A…
https://www.nasdaq.com/market-activity/stocks/baba
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web search NEUTRAL — Find the latest Alibaba Group Holding Limited (BABA) stock quote, history, news and other vital information to help you with your stock trading and investing.
https://finance.yahoo.com/quote/BABA/
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.