Are High Expenses Jeopardizing Alibaba's Profitability?
Alibaba Group Holding Limited (NYSE: BABA) recently announced its financial results for the quarter ended December 31, 2024, revealing a mixed picture amidst rising expenses. With revenue of RMB 280,154 million (US$38.38 billion), reflecting an 8% year-over-year growth, and net income skyrocketing by 333% to RMB 46,434 million (US$6.36 billion), the headline figures appear strong. However, a close