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Chinese giant Alibaba posts profit and revenue beat in December quarter amid strength in cloud unit

Summary

Chinese e-commerce titan Alibaba on Thursday beat expectations on the top and bottom line in its December quarter, citing ongoing strength in its Cloud Intelligence unit.

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Investor's Business Daily

Alibaba Stock Jumps Following Earnings Beat, Strong AI Cloud Growth

The China tech giant reported earnings that beat expectations and said AI is accelerating its growth. The post Alibaba Stock Jumps Following Earnings Beat, Strong AI Cloud Growth appeared first on Investor's Business Daily.

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New Orleans CityBusiness

China 8217 s Alibaba sees revenue surge on back of artificial intelligence, e commerce New Orleans CityBusiness

Chinese e-commerce firm Alibaba Group Holding posted its fastest revenue growth in more than a year, beating analyst expectations as it capitalizes on the artificial intelligence boom in China. Alibaba said Thursday that its revenue for the quarter ended December grew 8% to 280.2 billion yuan ($38.38 billion) compared to the same period last year. Net income surged to 48.9 billion yuan ($6.71 billion). Alibaba’s New York-traded stock was up over…

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The Globe & Mail

Alibaba matches third-quarter estimates with strong year-end sales

The results reported on Thursday highlight the success of Alibaba’s strategy to attract cost-conscious consumers

2 days ago·Canada

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What analysts are saying about Alibaba after its AI-powered earnings topper (BABA:NYSE)

What analysts are saying about Alibaba after its AI-powered earnings topper

2 days ago·United States

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South China Morning Post

Alibaba to ramp up AI, cloud investments as quarterly profit surges

CEO Eddie Wu said Alibaba will ‘aggressively invest’ in AI infrastructure and bolster research and development on advanced new AI models.

2 days ago·Hong Kong

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Alibaba ADR earnings beat by ¥1.58, revenue topped estimates

Alibaba ADR earnings beat by ¥1.58, revenue topped estimates

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60% Center

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YUAN TALKS broke the news in 2 days ago on Thursday, February 20, 2025.

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