people · May 16, 2026
Alibaba Shares Jump 7 Percent Despite 84 Percent Drop in Adjusted EBITA to 5.1 Billion Yuan
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Alibaba shares jumped 7 percent on May 13, 2026 despite adjusted EBITA falling 84 percent to 5.1 billion yuan. Cloud computing revenue grew 38 percent year-over-year to 41.6 billion yuan. Quick commerce revenue rose 57 percent year-over-year. CEO Eddie Wu expects annualized recurring revenue from AI model and application services to surpass 10 billion yuan in the June quarter. Alibaba announced a Qwen-powered AI shopping assistant launch in Taobao.
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