Alibaba’s December Quarter Earnings: AI and Cloud Intelligence Drive Revenue Growth
Alibaba's December Quarter Results
Alibaba's latest earnings report reveals a significant 8% revenue growth in the December quarter, reaching 280.2 billion yuan (US$38.4 billion). This figure surpasses analysts' expectations, as the company's cloud computing services unit continues to thrive amid rising demand.
Profit Surge and Market Impact
During this period, profit surged 239% to 48.9 billion yuan, markedly exceeding the 37.7 billion yuan profit estimate. Eddie Wu Yongming, Alibaba's CEO, attributed this growth to strategic AI-driven initiatives and the re-acceleration of core business segments.
- Hong Kong shares dipped 2.6% despite optimistic earnings.
- DeepSeek's recent AI breakthrough has ignited investor excitement, adding over US$110 billion to Alibaba's market value.
- Revenue growth in Cloud Intelligence Group is expected to continue to accelerate, as Alibaba plans further investments in technology and e-commerce.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.