The AI bet pays off: AI app reaches 10 million downloads and Alibaba sees 5% revenue growth. Cloud business accelerates
Alibaba on Tuesday reported a strong September quarter despite a sharp decline in net profit, supported by a huge hit with its redesigned Qwen AI app and a sharp increase in cloud computing revenue.The Chinese tech giant said its revenue for the three months ended September 30 rose 5% from a year earlier to 247.8 […]
Continue Reading