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Alibaba shares jump 14% after pledge to invest ‘aggressively’ in AI

Summary by Financial Times

Chinese tech group says it will spend more on artificial intelligence in next three years than over past decade

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TechNode

Alibaba reports 8% revenue growth in December quarter, outlines AI strategy · TechNode

Alibaba Group posted an 8% year-on-year increase in revenue for the December quarter of 2024 on Thursday, with its total revenue during the period reaching RMB 280 million ($38.38 billion). The company also reported strong performance from its Cloud Intelligence Group, which generated RMB 31.7 million ($4.35 billion), a growth of 13% from the same period last year.On an earnings call, Alibaba CEO Eddie Wu outlined the company’s strategic roadmap…

1 day ago

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Associated Press News

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Newsday

China's Alibaba sees revenue surge on back of artificial intelligence, e-commerce

Chinese e-commerce firm Alibaba Group Holding posted its fastest revenue growth in over a year, beating analyst expectations as it capitalizes on the artificial intelligence boom in China. The e-commerce firm said Thursday that its revenue for the quarter ended…

2 days ago·United States

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Nikkei

Alibaba stock surges as 'AI-driven' strategy bears fruit

HONG KONG -- Shares of Alibaba Group Holding reached a three-year high in New York after the Chinese e-commerce conglomerate reported better-than-expe

2 days ago·Japan

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Financial Times

Alibaba shares jump 14% after pledge to invest ‘aggressively’ in AI

Chinese tech group says it will spend more on artificial intelligence in next three years than over past decade

2 days ago·London, United Kingdom

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Investor's Business Daily

Alibaba Stock Gets Price Target Hike Ahead Of Earnings. AI Is Helping Boost Investor Confidence.

Alibaba stock got a price target hike ahead of its December quarter earnings report due early Thursday. The post Alibaba Stock Gets Price Target Hike Ahead Of Earnings. AI Is Helping Boost Investor Confidence. appeared first on Investor's Business Daily.

3 days ago

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Bloomberg

Alibaba’s $110 Billion Rally on AI Optimism Faces Earnings Test

Alibaba Group Holding Ltd. faces a key test in its earnings presentation Thursday after a DeepSeek-sparked rally added more than $110 billion to its market value.

3 days ago·United States

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