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Alibaba Group Holding Limited announced its financial results for the quarter ended June 30, 2024, showing a 4% increase in revenue and a decrease in income from operations. The company’s focus on enhancing user experience and investing in core businesses while reducing losses in other units has led to stabilizing market share and positive revenue growth in the cloud business. Additionally, Alibaba has returned significant value to shareholders through share repurchases and remains confident in its business outlook.