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BABA Shares Crash Most In Six Months As Net Income Plunge Overshadows AI Progress

March 20, 2026
Source: zerohedge.com zerohedge.com
News Snapshot:
Alibaba ADRs suffered their sharpest drop in six months during the US cash session after quarterly results revealed a massive tumble in net income and sluggish top-line growth, overshadowing yet another quarter of triple-digit expansion across its cloud and AI businesses.Third-quarter results showed that Alibaba's core retail business remained sluggish, while its Cloud Intelligence Group posted 36% growth compared with the same period one year ago.Revenue for the quarter rose by only 1.7% year-over-year to RMB 284.84 billion, missing the Bloomberg Consensus estimate of RMB 289.79 billion. Adjusted EPS, EBITDA, and net income all fell below analyst expectations, with adjusted...
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