Alibaba (BABA) Tops Q3 EPS by 27c, Misses on Revenue
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Alibaba Group Announces September Quarter 2024 Results
November 15, 2024 6:30 AM ESTHANGZHOU, 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 ended September 30, 2024.
This quarter we continued to invest in the user experience and strengthen product offerings to serve our consumers. We entered into long-term collaborations with industry peers to broaden payment and logistics services on Taobao and Tmall platforms, which we expect will accelerate our overall growth. Growth in our Cloud business accelerated from prior quarters, with revenues from public cloud products growing in double digits and AI-related product revenue... More
