Alibaba’s AI revenue tops 30% of cloud business for first time
Alibaba Cloud’s external commercial revenue rose 40% during the quarter, the fastest pace in nine quarters.
Alibaba Cloud’s external commercial revenue rose 40% during the quarter, the fastest pace in nine quarters.
Alibaba Cloud has been positioning itself as a full-stack provider, combining cloud infrastructure with AI services centered on its Qwen models and in-house chips developed by Pingtouge.
Revenue in China rose 34.4% year-on-year, outpacing the broader market’s 23.4% growth by more than 10 percentage points.