Alibaba AI-cloud growth hits 34%: Chinese retail division finally rebounds

Alibaba reported 34% growth in its cloud unit for the September quarter, dragging total revenue up 5% to 247. 8 billion yuan ($35 billion) despite a steep drop in profit to 20. 99 billion yuan, according to the earnings report. The spike in cloud came from its Qwen platform, which the company has shoved to the front […] source: https://www.cryptopolitan.com/alibaba-ai-cloud-growth-hits-34/