Total revenue rose 2 per cent year on year to US$34.6 billion in the three months ended June 30.

Alibaba posted a a revenue miss in the June quarter even as it showed an acceleration at its cloud computing unit.

Total revenue rose 2 per cent year on year to US$34.6 billion in the three months ended June 30.

Company’s shares jump 19 per cent as investors move on from interim results to focus on quick commerce numbers and AI development.