Alibaba Exceeds Revenue Expectations as Instant Retail and AI Drive China’s Digital Growth
Alibaba has reported stronger-than-expected quarterly revenue, reinforcing the powerful momentum of China’s instant retail economy and the company’s accelerating investments in artificial intelligence infrastructure—two key engines now driving the country’s next phase of digital and industrial growth. For the quarter, Alibaba generated 247.8 billion yuan in revenue, exceeding market expectations and reflecting rising user activity […]