By Sharecafe Team
Publication Date: 2025-11-25 21:13:00
Alibaba reported strong performance in its cloud computing division, posting a 34% year-over-year revenue increase in its second fiscal quarter. This figure exceeded market expectations, largely due to investments in artificial intelligence. The Chinese tech giant’s New York-listed shares saw a boost in premarket trading following the announcement. Alibaba is a multinational technology company specializing in e-commerce, retail, internet and technology. The company offers consumer-to-consumer, business-to-consumer and business-to-business sales services through web portals.
CEO Eddie Wu hinted that Alibaba could increase spending on AI beyond initial forecasts if demand remains robust. This is because the company’s Qwen app, an AI model similar to OpenAI’s ChatGPT, recorded more than 10 million downloads in its first week. Despite an overall decline in profitability, investors are focused on accelerating growth in Alibaba’s cloud computing and core e-commerce businesses…
