Alibaba's Q1 revenue falls short as international e-commerce falters

Cloud and AI segments turn in strong performance in sign pivot is paying off

20250515 The Alibaba office building

Alibaba's cloud and AI segments had a good first quarter but international e-commerce disappointed. © Getty Images

CISSY ZHOU

HONG KONG -- Alibaba's first quarter revenue slightly missed analysts' expectations, a sour note for investors that have been turning to Chinese tech shares -- previously considered undervalued -- amid growing uncertainty over U.S. policy and continuing excitement about DeepSeek's AI achievements.

Alibaba's miss stands in contrast to rivals Tencent and JD.com, which both turned in much better than expected performances in the first quarter.

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