Alibaba (BABA) stock tumbles after earnings fall short
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Alibaba Group Announces March Quarter 2024 and Fiscal Year 2024 Results
May 14, 2024 6:29 AM EDTHANGZHOU, China--(BUSINESS WIRE)-- Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), Alibaba or Alibaba Group) today announced its financial results for the quarter and fiscal year ended March 31, 2024.
This quarters results demonstrate that our strategies are working and we are returning to growth. Our China and international commerce businesses realized double-digit year-over-year GMV growth through our focus on the customer experience. We are also excited by the accelerated growth of customers and cloud computing revenues related to our AI products. We will remain focused on our strategic priorities and capture future growth... More
