HONG KONG -- Alibaba Group Holding missed market expectations with its revenue for the April-June quarter, despite the Chinese e-commerce operator's momentum in the field of artificial intelligence.
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Alibaba Group's office building in Beijing. The e-commerce group said earlier this year it would invest more than 380 billion yuan ($52 billion) over the next three years to build cloud and AI hardware infrastructure. © Reuters
HONG KONG -- Alibaba Group Holding missed market expectations with its revenue for the April-June quarter, despite the Chinese e-commerce operator's momentum in the field of artificial intelligence.