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Alibaba's adjusted net profit fell 18% to $4.70 billion, but overall net profit beat expectations.
Alibaba reported a 18% drop in adjusted net profit to $4.70 billion for the quarter ending June 2025, attributed to increased spending on consumer discounts to compete in food delivery.
Despite this, net profit rose 78% to $6.02 billion, surpassing analyst expectations.
Revenue grew 1.8% to $34.57 billion but fell short of forecasts.
The company faces intensifying competition from Meituan, JD.com, Pinduoduo, and Douyin, and is investing heavily in AI and cloud services.
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El beneficio neto ajustado de Alibaba cayó un 18% a $ 4,70 mil millones, pero el beneficio neto total superó las expectativas.