Alibaba revenue misses estimates in December quarter as net income drops 66%

Chinese tech giant Alibaba’s It reported on Thursday that net income fell 66% year-over-year as it missed analysts’ revenue expectations.

Here’s how Alibaba’s fiscal quarter ended December 31, 2025:

• Revenue: 284.8 billion Chinese yuan ($41.4 billion), compared with the 290.7 billion Chinese yuan analysts expected, according to data compiled by LSEG.

Alibaba is one of several Chinese AI firms rushing to catch up with US companies in the AI ​​race.

It has pledged to invest tens of billions of dollars in AI and cloud infrastructure as it transitions from just an e-commerce giant to an AI leader.

In January, the tech giant announced a new range of AI models and is also investing in ‘agent commerce’, which aims to turn chatbots into full-service shopping and payment tools.

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