In its latest fiscal quarter, Alibaba generated the U.S. dollar equivalent of about $32.6 billion in revenue, up about 7% year over year, although this failed to meet the expectations of analysts.

The Alibaba Group booth at the World Artificial Intelligence Conference (WAIC) in Shanghai in 2023. Shares in Chinese e-commerce giant Alibaba fell as much as 4.8% on Monday in Hong Kong as a deal ...