Is Alibaba's "All Others" Revenues Becoming a Drag on Growth?

Key Takeaways Alibaba's "All Others" revenues fell 25% YoY in Q2 FY26, the only segment to contract as core units grew.Disposals of Sun Art and Intime plus weaker Cainiao results cause the decline, outweighing growth elsewhere.Losses widened as BABA ramped up AI and tech investment, while margins made the segment a drag on profits.Alibaba (BABA) is facing a growing headwind to revenue growth from its shrinking “All Others” segment despite continued strength in its core businesses. In the second quarter of f ...