Finance 3h ago 1 min read
Alibaba Group posted an operating loss of CNY 848 million in its FY2026 results announced May 14 — its first operating loss in at least four years. Revenue of CNY 243.4 billion grew 3% YoY but missed the CNY 247.2 billion consensus. Bloomberg Intelligence estimates Alibaba is directing ~90% of e-commerce revenue into its Qwen AI model. $BABA fell 3.22% to $141.12 on the day.