Luz Ding / Bloomberg:

Alibaba reports Q2 revenue up 5% YoY to ~$35B, vs. ~$34.5B est., Chinese e-commerce revenue up 16% YoY, and net income down to ~$3B, as it boosts cloud spending  —  Alibaba Group Holding Ltd. reported better-than-expected quarterly revenue growth, riding China's AI development boom.

Luz Ding / Bloomberg:

Alibaba reports Q2 revenue up 5% YoY to ~$35B, vs. ~$34.5B est., Chinese e-commerce revenue up 16% YoY, and net income down to ~$3B, as it boosts cloud spending  —  Alibaba Group Holding Ltd. reported better-than-expected quarterly revenue growth, riding China's AI development boom.

Source: TechMeme
Source Link: http://www.techmeme.com/251125/p7#a251125p7