Multiple brokers are forecasting a steep decline in Alibaba's second-fiscal quarter non-GAAP net profit, with a median estimate suggesting a 77.4% year-over-year drop. This anticipated plunge is attributed to fierce competition in the e-commerce and food delivery markets, alongside heavy investment in strategic areas like AI. The consensus forecast for revenue indicates a modest 2.5% increase year-over-year. These projections are setting a cautious tone ahead of Alibaba's official earnings release scheduled for next Tuesday, November 25. Investors are keenly focused on the performance of Alibaba's cloud division, trends in capital expenditure, and the growth trajectory of its instant retail and quick commerce businesses to gauge the success of the company's strategic pivot.