Top News

Alibaba Q4 revenue up 3% on cloud, e-commerce growth
NewsBytes | May 13, 2026 8:40 PM CST

Cloud revenue jumps 38% to ¥41.63bn

Alibaba's Cloud Intelligence Group saw a big 38% surge in revenue, hitting 41.63 billion yuan ($6.13 billion). That's even better than analysts expected.
The division's AI tools for editing docs and transcribing meetings are getting popular with businesses.
Still, total quarterly revenue landed at 243.38 billion yuan ($35.84 billion), just shy of forecasts due to Alibaba's international e-commerce business lagging.

China e-commerce sales reach ¥122.22bn

In China, e-commerce sales reached 122.22 billion yuan, beating predictions despite tough times like low consumer confidence and higher living costs from fuel prices.


READ NEXT
Cancel OK