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.
The Amplify CWP International Enhanced Dividend Income ETF (IDVO) has returned 35% over the past year, fueled by strong gains in semiconductor and materials stocks like Taiwan Semiconductor, ASML, and Southern Copper. The fund combines international ...
Alibaba missed its Q4 FY2026 revenue target with only 1.2% year-over-year growth due to accounting changes and asset disposals, but adjusted revenue showed 8% growth. The company is transitioning from traditional e-commerce to AI and quick commerce, ...
Alibaba unveiled the Zhenwu M890, an AI chip with three times the performance of its previous model, featuring 144 GB GPU memory and 800 GB/s bandwidth. The chip aims to boost Alibaba and its subsidiary T-Head's position in China's AI processor marke...
Alibaba unveiled its new AI chip, the Zhenwu M890, hours before Nvidia's highly anticipated quarterly results, highlighting growing competition in AI processors. The chip offers three times the performance of its predecessor and targets AI software a...
Alibaba unveiled its new AI chip, the Zhenwu M890, which offers three times the performance of the previous Zhenwu 810E model. The chip features 144 GB of GPU memory and an interchip bandwidth of 800 GB per second, enhancing AI processing capabilitie...
