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Alibaba quarterly revenue rises, profit surges on back of ‘AI-driven strategies’

SCMP LogoSCMP1d ago

Alibaba quarterly revenue rises, profit surges on back of ‘AI-driven strategies’ - SCMP

Quick Summary:

CEO Eddie Wu said the December-quarter results reflect re-accelerated growth of our core businesses’.

The firm added more than US$110 billion to its market value amid the euphoria surrounding Chinese start-up DeepSeek’s recent artificial intelligence (AI) breakthrough.

Alibaba’s Hong Kong-listed shares slid 2.6 per cent to close at HK$120.90, retreating from a three-year high before its earnings report.

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Article Details

Author / Journalist: Ann Cao

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-20 @ 19:18:30 (1 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 232 words

Reading Time: 2 minutes read

Sentences: 4 lines

Sentence Length: 58 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 26291834

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About SCMP

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Main Topics: Business

Official Website: scmp.com

Update Frequency: 16 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 7 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

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  • URL: https://chronographically.beamstart.com/news/alibaba-quarterly-revenue-rises-profit-17400517748

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