Alibaba's Cloud Division Soars, Driven by AI
Update: 2025-11-25
Description
Alibabas Q2 financial results exceeded expectations, with revenue surging by 5% to $34.8 billion, driven by a 34% year-over-year increase in cloud computing revenue, now a significant contributor to the companys success. Alibabas AI-related product revenue has seen triple-digit growth for nine quarters, with its Qwen app gaining traction. Despite investments in instant commerce, Alibabas cloud division remains profitable, with EBITA up by 35%.
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