International Companies

Alibaba revenues beat expectations on strong cloud revenues

By Iain Gilbert

Date: Thursday 20 Feb 2025

(Sharecast News) - E-commerce giant Alibaba said on Thursday that revenues had grown more than expected in Q4 thanks to a solid performance by its cloud division.
Alibaba said sales had risen 8% to RMB 280.2bn (£30.61bn), with cloud services revenues growing 13% to RMB 31.74bn (£3.45bn) as AI-related product revenue...

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