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, expecting these areas to reach profitability and significant growth by FY2027. Cloud revenue growth is improving but margins remain low due to heavy investments, presenting a potential buying opportunity before profitability rebounds. Management anticipates quick commerce to break even by FY2027 and large-scale AI monetization to begin the same year.
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 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 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...
Following President Trump's China visit, Nvidia secured a deal to sell AI chips to Chinese firms, signaling a potential market reopening. However, Chinese regulators quickly imposed tighter scrutiny on Nvidia's products, reflecting Beijing's cautious...
