Today, Chinese tech giant Alibaba celebrated significant revenue growth in its latest quarter, marking a pivotal moment in the company’s journey into the AI sector.
The company reported an 8% increase in its quarterly revenue, totaling $38.381 billion.
Analysts believe that DeepSeek’s rise to fame over the past month has increased sales for Chinese tech companies, including Alibaba, in recent weeks.
Eddie Wu, CEO of Alibaba Group told investors today: “This quarter’s results demonstrated substantial progress in our ‘user first, AI-driven’ strategies and the reaccelerated growth of our core businesses. During this quarter, customer management revenue at Taobao and Tmall Group grew 9% as a result of initiatives to enhance user experience and effective monetization. Our Cloud revenue growth reignited to double digits at 13%, with AI-related product revenue achieving triple-digit growth for the sixth consecutive quarter.”
Looking ahead, Wu said, “revenue growth at Cloud Intelligence Group driven by AI will continue to accelerate. We will continue to execute against our strategic priorities in e-commerce and cloud computing, including further investment to drive long-term growth.”
In 2025, Alibaba’s sales push for its public cloud services and AI-related products, at reduced prices, is predicted to boost revenue growth.
By CEO NA Editorial Staff
