Alibaba AI revenue logs triple-digit growth for 11th quarter amid strategic reshuffle

South China Morning Post South China Morning Post —

E-commerce and AI giant Alibaba Group Holding on Wednesday disclosed quarterly revenue of AI-related products for the first time, reporting that the segment has registered triple-digit growth for an eleventh consecutive quarter.

The surge helped bolster a 3 per cent overall revenue increase that was largely in line with market expectations.
AI-related product revenue hit 8.97 billion yuan (US$1.32 billion), the company said in a filing to the Hong Kong stock exchange, as the segment continues to...

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