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The Business Brief THURSDAY, 20 AUGUST 2026
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Alibaba’s Revenue Climbs 9% in Testament to China’s AI Boom

1 source ·1 article ·2h ago

Alibaba Group Holding Ltd. reported a 9% jump in revenue, after a boom in Chinese AI development propelled demand for the computing capacity its cloud arm provides.

Covered by 1 outlet

Bloomberg 1

All coverage · 1 article

Bloomberg Technology ·2h ago

Alibaba’s Revenue Climbs 9% in Testament to China’s AI Boom

Alibaba Group Holding Ltd. reported a 9% jump in revenue, after a boom in Chinese AI development propelled demand for the computing capacity its cloud arm provides.