Alibaba Posts First Net Loss Since 2012

Alibaba is prioritizing growth over immediate profit amidst regulatory scrutiny, including a $2.8 billion fine. Despite a net loss, revenue grew by 64% year-over-year. The company plans to reinvest profits into technology and fend off competition. Ant Group, a key affiliate, faces regulatory challenges, impacting its contribution to Alibaba's earnings.

What was a significant financial event for Alibaba in the recent quarter?

• A new product launch

• A $2.8 billion fine

• A major acquisition

• A partnership with JD.com

How did Alibaba's revenue perform compared to expectations?

• It was lower than expected

• It exceeded expectations

• It was not reported

• It met expectations

What is Alibaba's plan for its incremental profit?

• Reduce product prices

• Save for future acquisitions

• Invest in technology and competitive areas

• Distribute as dividends

What is a major concern for Ant Group's future?

• Regulatory changes affecting its business model

• Expansion into new markets

• Decline in user base

• Competition from new fintech startups

How much did Ant Group's profit increase in the December quarter?

• 70%

• 50%

• 30%

• 20%