Alibaba’s latest earnings reveal a brutal profit plunge—75% lower—but the story’s not all bad: AI and cloud revenue surged 45%, proving their massive investment is starting to pay off. With plans to spend $380 billion over three years on AI and cloud infrastructure, they’re betting big on becoming a global AI powerhouse, targeting $100 billion in annual revenue within five years. Shares dipped, but this is a long-term play: short-term pain for future dominance.
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