Alibaba's AI surge triggers $50 bn rally
Financial Express Bengaluru
|September 02, 2025
ALIBABA GROUP HOLDING Ltd.'s stock leapt more than 19% after reporting a surge in revenue from AI, underscoring the steady headway it's making against rivals in a post-DeepSeek Chinese development frenzy.
China's e-commerce leader posted a triple-digit percentage gain in AI-related product revenue as well as a better-than-anticipated 26% jump in sales from the cloud division—the business most closely tied to the artificial intelligence boom.
That helped assuage investors nervous about the fallout from a worsening battle with Meituan and JD.com Inc. in internet commerce. Alibaba's shares gained their most intraday since November 2022 in Hong Kong, boosting the company's market value by more than $50 billion.
यह कहानी Financial Express Bengaluru के September 02, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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