{"id":158751,"date":"2025-11-25T12:14:08","date_gmt":"2025-11-25T12:14:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/158751\/"},"modified":"2025-11-25T12:14:08","modified_gmt":"2025-11-25T12:14:08","slug":"alibaba-posts-5-rise-in-quarterly-revenue-on-ai-cloud-computing-momentum","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/158751\/","title":{"rendered":"Alibaba posts 5% rise in quarterly revenue on AI, cloud computing momentum"},"content":{"rendered":"<p>Total revenue for the <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/topics\/hangzhou?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">Hangzhou<\/a>-based company reached 247.8 billion yuan (US$34.8 billion) for its financial second quarter ended September 30, beating the consensus estimate of 245.2 billion yuan by Bloomberg-polled analysts. That was more than the 2 per cent growth rate in the previous quarter.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Net income attributable to ordinary shareholders fell 52 per cent to 21 billion yuan from 43.9 billion yuan a year ago, primarily due to the decrease in income from operations. Still, that fared better than the 9.2 billion yuan estimate by analysts.<\/p>\n<p>\u201cWe have entered into an investment phase to build long-term strategic value in AI technologies and infrastructure and a consumption platform integrating daily life services and e-commerce,\u201d said Alibaba CEO <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/topics\/eddie-wu-yongming?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">Eddie Wu Yongming<\/a>.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Alibaba owns the South China Morning Post.<\/p>\n<p>The company has deployed about 120 billion yuan in capital expenditure towards AI and cloud infrastructure over the past 12 months, according to <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/topics\/toby-xu?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">Toby Xu<\/a>, Alibaba\u2019s chief financial officer.<\/p>\n","protected":false},"excerpt":{"rendered":"Total revenue for the Hangzhou-based company reached 247.8 billion yuan (US$34.8 billion) for its financial second quarter ended&hellip;\n","protected":false},"author":2,"featured_media":158752,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[220,69270,89166,5693,34741,89165,218,219,971,114,2340,8177,35384,6159,240,61,60,4320,89164,10178,80],"class_list":["post-158751","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-ai-technologies","tag-alibaba-china-e-commerce-group","tag-alibaba-cloud","tag-alibaba-group","tag-alibaba-international-digital-commerce-group","tag-artificial-intelligence","tag-artificialintelligence","tag-bloomberg","tag-china","tag-cloud","tag-e-commerce","tag-eddie-wu-yongming","tag-hangzhou","tag-hong-kong","tag-ie","tag-ireland","tag-new-york","tag-september-quarter","tag-south-china-morning-post","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/158751","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=158751"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/158751\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/158752"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=158751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=158751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=158751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}