Saturday, 30 August, 2025
Alibaba Misses Q1 Revenue Forecasts, But AI Drives Cloud Surge
Alibaba recorded total revenue of 247.65 billion yuan—2% below analysts’ expectation—hit by sluggish e-commerce demand amid property-sector woes and flat wage growth. However, its cloud business, fueled by aggressive AI investment, posted impressive 26% growth to 33.4 billion yuan, outperforming forecasts significantly. CEO Eddie Wu affirmed that AI investments—totaling over 100 billion yuan in the past year—are yielding real momentum for the cloud segment.
Read full story at Economic Times