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Tag: Alibaba cloud revenue

Alibaba Cloud Revenue Soars 34% as AI Demand Accelerates

Alibaba's cloud business jumps 34% driven by AI boom, though overall profit falls 52% amid e-commerce competition. Company may exceed $53B AI investment plan.

Alibaba Q3 Revenue Rises 5% as AI App Hits 10 Million Downloads

Alibaba's Qwen AI chatbot reaches 10 million downloads in first week while cloud revenue jumps 34%, signaling strong AI investment returns despite profit decline.