
TNB Tech Minute: Alibaba Creates AI Chip to Help China Fill Nvidia Void
WSJ Tech News Briefing
00:00
Delivery Price War Hits Alibaba Profitability
- Alibaba's results show pressure from a delivery-price war with Meituan and JD.com hurting a key profitability metric.
- Adjusted net profit fell 18% to 33.51 billion yuan for the quarter amid aggressive competition.
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