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Alibaba (09988.HK): Alibaba Cloud's external revenue growth accelerated to 45%, and revenue from AI-related products achieved triple-digit growth.
2026-08-20
Alibaba (09988.HK): Alibaba Cloud's external revenue growth accelerated to 45%, and revenue from AI-related products achieved triple-digit growth.
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2026-08-20
Alibaba Group reported quarter ended June 30, 2026: group revenue rose 9% YoY. Management said Alibaba Cloud's external commercialization revenue growth accelerated to 45% YoY and AI-related product revenue posted triple-digit YoY gains for a 12th co
Alibaba Group reported quarter ended June 30, 2026: group revenue rose 9% YoY. Management said Alibaba Cloud's external commercialization revenue growth accelerated to 45% YoY and AI-related product revenue posted triple-digit YoY gains for a 12th consecutive quarter. The company launched AI productivity platform Qianwen Office. Cloud revenue continues to accelerate; a higher-quality revenue mix and operating leverage lifted group EBITA margin to 12%. Instant retail kept market share while improving efficiency and e‑commerce profits remained steady. Management reiterated disciplined, ongoing investment in full‑stack AI as AI commercialization scales, which it said will increase strategic and financial flexibility.
2026-08-20
DALY said she sees no signs of labor-market weakening.
DALY said she sees no signs of labor-market weakening.
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