Alibaba Q1 Revenue Beats Wall Street Estimates
BABA Alibaba Group Holding Ltd ADR
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View chart & analysis → - 1China's Alibaba on Thursday posted quarterly revenue that exceeded Wall Street estimates.
- 2Q1 revenue came in at 26.895 billion yuan ($4.002 billion), up 9% and surpassing the estimate of 26.888 billion yuan.
- 3Demand for AI services fueled cloud growth, while an extended 618 shopping festival lifted e-commerce.
This 3-line summary is compiled from the report below.
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