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

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.

Alibaba also expects its cloud computing business to remain on an upwards trajectory in the coming quarters, CEO Eddie Wu says.

Die Alibaba-Aktie steigt in Hongkong um fast 15 Prozent, nachdem starke KI- und Cloud-Zahlen die Sorgen über den Wettbewerb mit JD und Meituan in anderen Bereichen überlagerten

Alibaba's Hong Kong-listed shares jumped 19% on strong results at its cloud computing division driven by its AI investments.

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