TechFlow News: According to the Nikkei Asia report on March 20, Alibaba CEO Eddie Wu stated on March 19 that the company aims to achieve combined external revenue of over $10 billion from its cloud computing and AI businesses within the next five years. However, Alibaba’s latest financial results fell short of expectations—the December quarter’s revenue missed market estimates, and profits plummeted 66% year-on-year. Following the announcement, Alibaba’s New York-listed shares plunged nearly 7% intraday.
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