Group said it was outperforming both ad holding companies and IT consulting peers.
After a year of mass layoffs, the company is more profitable than ever after.
Content practice continues to experience weakness.
Softness in Chinese commerce business offset by growth in cloud computing unit.
Losses increased because of decline in value of investments in publicly-traded companies; backing for newer businesses such as Taocaicai and Taobao Deals; and the continued impact of Covid.
Financial results have now been published having been postponed twice.
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