Alibaba has made several high-profile investments in recent years, many of which have resulted in substantial losses:

- Alibaba spent $66.5 billion to acquire Ele.me but incurred losses.

- The investment in Evergrande Football resulted in a loss of $1.2 billion.

- Alibaba's investment in Suning.com led to a loss of $20 billion.

- Despite spending billions to acquire Youku Video and Tudou Video, Alibaba failed to generate profits.

- The $4.3 billion acquisition of UC Browser also resulted in losses.

- Alibaba's investment in Hema Fresh led to losses of tens of billions within a few years.

- Similarly, the acquisition of RT-Mart also resulted in losses.

Despite these setbacks, Alibaba remains financially stable due to the immense success of Taobao Tmall, which generates $8 trillion in GMV annually, with a net profit of $200 billion. In recent years, Taobao Tmall has contributed over $1 trillion in net profit to Alibaba. With such a strong core business, Alibaba can sustain losses from failed projects without the risk of bankruptcy.