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Alibaba Shows Progress in China AI Push, Lifting Shares
Financial Express Mumbai
|August 30, 2025
ALIBABA GROUP HOLDING reported a surge in revenue from China's AI boom, helping assuage investors nervous about the fallout from a worsening battle with Meituan and JD.com in internet commerce.
China's e-commerce leader reported 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 post-DeepSeek artificial intelligence boom. Its shares gained more than 9% in US trading, after investors looked past a disappointing 2% rise in revenue and 3% decline in operating income to 35 billion yuan.
Dit verhaal komt uit de August 30, 2025-editie van Financial Express Mumbai.
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