Alibaba said fourth-quarter revenue rose 3%, supported by robust growth in its cloud computing and AI divisions. The e-commerce unit also benefited from a new round of government subsidies, helping offset broader softness and supporting the topline. The update is modestly positive for fundamentals, with AI/cloud growth improving the business mix.
Alibaba said fourth-quarter revenue rose 3%, supported by robust growth in its cloud computing and AI divisions. The e-commerce unit also benefited from a new round of government subsidies, helping offset broader softness and supporting the topline. The update is modestly positive for fundamentals, with AI/cloud growth improving the business mix.
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moderately positive
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0.35
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