Alibaba's core profit plunges 84% even as AI and cloud growth accelerate

Alibaba on Wednesday said its core profitability plunged in the March quarter amid heavy investments in tech and e-commerce.

# Alibaba's core profit plunges 84% even as AI and cloud growth accelerate Alibaba on Wednesday said its core profitability plunged in the March quarter amid heavy investments in tech and e-commerce. **Read the full article:** [CNBC](https://www.cnbc.com/2026/05/13/alibaba-earnings-march-quarter-ai-cloud-growth.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*