Event Brief
UPDATED May 13, 2026 at 12:00 PM ET
May 13, 2026 at 6:00 AM ET
Alibaba core profit plunges 84% in March quarter
By The BriefBrief
Alibaba said its core profitability fell 84% in the March quarter as it invested heavily in tech and e-commerce.
WHO: Alibaba
WHAT: Alibaba reported an 84% plunge in core profitability for the March quarter.
WHEN: May 13, 2026 at 5:58 AM ET
WHERE: Location not specified
WHY: The decline was attributed to heavy investments in tech and e-commerce.
How this story developed (showing 2 of 2 earlier reports)
Reporting from 2 identified publishers across this event arc.
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Publishers represented across this event arc
These publishers contributed reporting to the broader event history. Not every source addresses the specific development described above.
How this brief is built: The BriefBrief correlates multiple sources into one evolving event brief, updated as new facts emerge.
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