Alibaba Cloud's revenue grew 40% year-over-year, driven by AI products which now account for about 30% of total cloud revenue. The AI revenue run rate surpassed RMB36 billion as demand for enterprise AI tokens and inferencing rose across industries. Alibaba holds nearly $38 billion in cash, enabling aggressive AI infrastructure expansion without heavy reliance on external debt. However, free cash flow turned negative by RMB17.3 billion due to increased AI infrastructure and server deployment costs. Meanwhile, China's e-commerce EBITA fell 40% YoY, as Alibaba shifts focus from retail growth to higher-margin enterprise AI monetization.
Alibaba confirmed that its Qwen AI model will be integrated into Apple's iOS, iPadOS, macOS, and visionOS services for users in China, leading to a 4% rise in its U.S.-listed shares in premarket trading. This integration allows users to access advanc...
Pomerantz LLP is investigating Alibaba Group for potential securities fraud and unlawful business practices following reports that Alibaba illicitly accessed AI technology and failed to prevent illegal pharmaceutical sales on its platform. These alle...
Last week, leveraged ETFs linked to Alibaba, Meta, Broadcom, and Nvidia delivered strong gains ranging from 17% to over 34%. Alibaba-focused ETFs led with over 34% returns, driven by positive earnings previews, AI revenue growth, and share buybacks. ...
In Q2 2026, Baird's Chautauqua International Growth Fund returned +10.39%, trailing the MSCI ACWI ex-U.S. Index's +14.49%. Key detractors included Alibaba and Lululemon, while Recruit and ASML contributed positively. The Global Growth Fund also lagge...
US AI companies Anthropic and OpenAI have accused Chinese firms, including Alibaba, of illegally copying advanced AI technology through a method called "distillation," which allows cheaper and faster AI model development. This practice threatens US d...
