# The company reported quarterly revenue of $35.28 billion.

*genai · news · 2026-05-13 · Benzinga*

## Key points

- Alibaba's adjusted net income fell nearly 100% to $12 million due to increased AI investments.
- Alibaba Cloud saw 38% revenue growth to $6.04 billion, with AI products showing eleventh straight quarter of triple-digit growth.
- Alibaba integrated Taobao and Tmall with its Qwen app and launched Qwen Shopping Assistant on Taobao.
- AliExpress's 'Brand+' program saw over 30% of consumers transacting in this segment during the quarter.
- Operating cash flow dropped 66% to $1.36 billion amid investments in AI infrastructure and cloud expansion.

**Companies:** Alibaba
**Countries:** China

[Read the full story on Benzinga](https://www.benzinga.com/markets/earnings/26/05/52518113/alibaba-cloud-growth-explodes-but-earnings-evaporate-in-costly-ai-push)

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