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TNB Tech Minute: Alibaba Creates AI Chip to Help China Fill Nvidia Void

WSJ Tech News Briefing

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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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