Understanding the Market | Alibaba-W continues to fall over 4%, fourth-quarter revenue misses expectations, reports say its AI collaboration plan with Apple is under U.S. review
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Alibaba-W's stock price continued to decline by over 4%, dropping 4.21% to HKD 118.2 as of the time of writing, with a trading volume of HKD 5.522 billion. Revenue for the fourth fiscal quarter was RMB 236.454 billion, below market expectations of RMB 237.91 billion. Alibaba Cloud's revenue grew by 18%, marking the fastest growth rate in three years. U.S. officials are reviewing Apple's AI collaboration plan with Alibaba
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