Alibaba has been making 'significant strides' in advancing its AI cloud business after launching its Qwen 2.5-Max flagship AI foundation model, Barclays wrote in a note.

Chinese e-commerce firm Alibaba Group Holding posted its fastest revenue growth in over a year, beating analyst expectations as it capitalizes on the artificial intelligence boom in China.

Alibaba's shares surged as much as 13% in Hong Kong on Friday , after it reported third-quarter revenues just above analysts' estimates and said it plans to invest more in e-commerce and AI. Julian Satterthwaite reports. What issues are fuelling the German election?

Chief executive Eddie Wu said AI was "the kind of opportunity for industry transformation that only comes around only once every few decades."

The e-commerce company posted a better-than-expected 7.6% rise in revenue as it worked to put growth back on track amid fierce domestic competition and a slowing Chinese economy.

Chinese e-commerce giant Alibaba (BABA) is set to announce its fiscal Q3 FY25 results today. Alibaba stock has surged more than 74% over

The e-commerce company said last week that it would partner with Apple in China to support iPhone AI services.