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<Results>BABA-W: AI Product Rev. Keeps Triple-digit Growth for 6th Consecutive Quarter
As of the end of December 2024, BABA-W (09988.HK)(BABA.US) reported revenue of RMB280.154 billion in 3FQ, up 7.6% YoY. By business segment, revenue from the Cloud Intelligence Grou...
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<Results>BABA-W: AI Product Rev. Keeps Triple-digit Growth for 6th Consecutive Quarter
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As of the end of December 2024, BABA-W (09988.HK)  0.000 (0.000%)    Short selling $1.38B; Ratio 17.282%   (BABA.US)      reported revenue of RMB280.154 billion in 3FQ, up 7.6% YoY. By business segment, revenue from the Cloud Intelligence Group hiked 13% YoY to RMB31.742 billion.

The group said that Alibaba Cloud revenue returned to double-digit growth, and AI-related product revenue maintained triple-digit year-over-year growth for the sixth consecutive quarter.

Related News Jefferies: China Open-Source Models Lag US Leading Closed-Source Models by Only 3-6 Months; TENCENT (00700.HK), BABA-W (09988.HK) Have Competitive Edge in Consumer Traffic
Eddie Wu, Chief Executive Officer of Alibaba Group, said that this quarter’s results demonstrated substantial progress in its “user first, AI-driven” strategies.

Looking ahead, revenue growth at Cloud Intelligence Group driven by AI will continue to accelerate, the CEO said. The Group will continue to execute against its strategic priorities in e-commerce and cloud computing, including further investment to drive long-term growth.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-01 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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