Alibaba Group recorded a revenue increase of 8% year-over-year(y/y) in the third quarter of 2024 despite poor performance in China, supported by cloud and e-commerce growth, the fastest in 2 years. The revenue recorded during the quarter was $ 38.3 billion, an 8% increase y/y, surpassing expectations as sales jumped by 13% y/y. Income from […]

Catenaa, Friday, August 29, 2025- Alibaba Group reported a triple-digit percentage gain in revenue from China’s AI boom, providing a breath in for investors nervous about the competition with JD and Meituan. China’s e-commerce leader reported a triple-digit percentage gain in AI-related product revenue as well as a better-than-anticipated 26% jump in sales from the […]