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Alibaba rises most in 3 years on outlook for on-demand delivery and cloud business
Company’s shares jump 19 per cent as investors move on from interim results to focus on quick commerce numbers and AI development.
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cnbc.com
Alibaba's key cloud unit sales shine even as quarterly revenues miss
Alibaba posted a a revenue miss in the June quarter even as it showed an acceleration at its cloud computing unit.
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scmp.com
Alibaba’s quarterly profit surges 78% on equity investments, disposals
Total revenue rose 2 per cent year on year to US$34.6 billion in the three months ended June 30.
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Alibaba sees strong consumer mindshare in instant commerce push
Alibaba also expects its cloud computing business to remain on an upwards trajectory in the coming quarters, CEO Eddie Wu says.
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Alibaba shares jump 19% on cloud unit acceleration, report of new AI chip
Alibaba's Hong Kong-listed shares jumped 19% on strong results at its cloud computing division driven by its AI investments.
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Alibaba rises most in 3 years on outlook for on-demand delivery and cloud business
Company’s shares jump 19 per cent as investors move on from interim results to focus on quick commerce numbers and AI development.