Alibaba’s “All Others” segment saw a 25% revenue decline in Q2 of fiscal 2026, contrasting with growth in core businesses like China e-commerce and cloud operations. The drop was attributed to divestments and weaker performance at Cainiao, impacting profitability and overall revenue growth forecasts.

Alibaba faces rising competition in its logistics business from JD Logistics and Amazon Logistics, known for their speed, reliability, and superior control over delivery operations. While JD Logistics leverages end-to-end infrastructure, Amazon Logistics utilizes a vast fulfillment network and automation, challenging Alibaba’s partner-driven logistics model.

Alibaba’s stock has gained 40.3% in the past six months, outperforming industry and sector growth. However, with a declining Value Score and a projected 32.85% year-over-year decline in earnings for fiscal 2026, concerns over profitability persist. The company’s Zacks Rank sits at #5 (Strong Sell), reflecting uncertainty in future performance.

Read more at Nasdaq: Is Alibaba’s “All Others” Revenues Becoming a Drag on Growth?