Alibaba's Cloud Intelligence Group reported a significant revenue increase of 36% year-over-year, reaching RMB 43.28 billion ($6.19 billion) for the December quarter. This growth was driven by a remarkable surge in AI-related product revenue, which has now experienced triple-digit growth for ten consecutive quarters. When excluding disposed businesses, the group's total revenue saw a 9% year-over-year increase on a like-for-like basis, totaling RMB 284.84 billion ($40.73 billion). This performance underscores Alibaba's strong position in the cloud computing sector and its ongoing commitment to expanding its AI capabilities.
Cloud & Data
Education & Research
Original from TechNode.com: Alibaba reports 36% cloud revenue growth, highlights AI momentum in December quarter
Alibaba reports 36% cloud revenue growth, highlights AI momentum in December quarter
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