Alibaba Faces Ecommerce Slowdown, Cloud Growth

Alibaba's latest earnings miss sends shockwaves! Plummeting e-commerce sales, squeezed by cautious consumers and fierce competition, dragged down overall revenue. But there's a silver lining: a booming cloud business exceeding expectations and aggressive AI investments signal a potential path to recovery amidst China's economic uncertainty. Will cloud and tech innovations be enough to offset e-commerce woes? Hosted on Acast. See acast.com/privacy for more information.