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Cloud and AI gains boost Alibaba’s profit, but EPS misses
Steady performance in commerce and strong growth in AI-driven cloud services lifted Alibaba’s profit, though an EPS shortfall tempered investor sentiment.
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Taobao
Free shipping and localized services push Alibaba’s Taobao ahead in global e-commerce markets.
The integration aims to enhance cross-border commerce and streamline operations, with Jiang Fan leading the newly consolidated division.
High GMV and 88VIP engagement drove Alibaba’s Q3 growth, but profit pressures highlight a fiercely contested market.
China’s shopping bonanza sees record highs for some brands, yet consumer wariness signals an evolving retail environment.
Pioneered by Pinduoduo, the policy has become a burden on platforms and merchants.
Taobao’s full integration of WeChat Pay opens the door to millions of new users, especially in lower-tier markets.
To retain the favor of Chinese e-commerce consumers, low prices alone are not enough.
Will future-focused Alibaba’s actions be sufficient to fulfill its ambitions?