Alibaba Cements AI Leadership as Cloud Unit Reports Fastest Growth Since 2022

Alibaba cements AI leadership as cloud unit reports fastest growth since 2022

Internally, the company is also betting big on the integration of AI technologies with its traditional e-commerce business.

Alibaba's revenues rise in Q1, driven by AI services

Revenues from company’s cloud computing division, Cloud Intelligence, soar due to growing demand for AI-related services - Anadolu Ajansı

Alibaba sees its revenue rise to over $32b

Chinese tech heavyweight Alibaba Group Holding Ltd reported on Thursday night that its revenue stood at 236.45 billion yuan ($32.6 billion) during the January-March period, an increase of 7 percent year-on-year, while its net income reached 29.85 billion yuan, rising 22 percent year-on-year.

Alibaba Group Holding (NYSE:BABA) Reports Robust Earnings, Announces US$4.6 Billion Regular And Special Dividends

Alibaba Group Holding (NYSE:BABA) saw its share price rise by 18% last month, buoyed by a 7% increase in quarterly sales and a meaningful surge in net income. The company announced a significant total dividend distribution of around $4.6 billion, combining regular and special dividends. This aligns with the favorable broader market trends, where indices such as the S&P 500 have been on winning streaks. Despite a broader positive market sentiment…

Chinese e-commerce giant Alibaba announced a moderate increase in its annual revenue on Thursday, another positive sign for China's tech sector despite growing challenges.

Alibaba, NetEase, & KE Holdings Report Q1 - China Last Night

Key News Asian equities were mixed but mostly lower overnight after substantial gains from the 90-day US-China tariff deal, as India and Pakistan outperformed, while Thailand and Hong Kong underperformed. The South China Morning Post reported that US-bound shipping orders increased nearly 300% after the 90-day pause was announced, reflecting still-strong demand from US businesses and consumers for China-made goods despite tensions. Airplane make…