US EditionChina's Alibaba Targets $100B in AI and Cloud Revenue over 5 Years
Alibaba aims to capitalize on rapid AI demand growth with a $100 billion revenue goal despite a 67% profit drop and plans to raise AI service prices by up to 34%.
- On Thursday, Alibaba Group pledged to surpass $100 billion in revenue from its artificial intelligence and cloud businesses over the next five years, powered by booming AI demand.
- Having shifted its focus to cloud and AI in recent years, the company reported October–December quarter revenue of 284.8 billion yuan , up 2% year-on-year, and last year pledged at least 380 billion yuan in three-year infrastructure investments.
- Cloud revenue jumped 36% in the quarter to 43.3 billion yuan , Alibaba launched the agentic AI tool Wukong this week, and the company said on Wednesday it would increase prices for some AI services by as much as 34%.
- The company reported profit of 16.3 billion yuan , a 67% drop from the same quarter last year, while U.S.-listed shares fell more than 7% during midday trading Thursday.
- Lin Junyang's departure this month as head of the Qwen AI division, a food-delivery price war over the past months, and competition following DeepSeek's industry disruption last year add pressure to Alibaba's growth trajectory.
14 Articles
14 Articles
According to the ECO, the increase in the number of enterprises that implement autonomous agents in bridge business tasks has led to a fundamental transformation in corporate spending.
Associated Press News
China's Alibaba targets $100B in AI and cloud revenue over 5 years
China’s Alibaba Group has pledged on Thursday a goal of surpassing $100 billion in revenue from its artificial intelligence and cloud businesses over the next five years, which it says would be powered by the AI demand boom.
Alibaba outlines US$100 billion AI roadmap as cloud growth accelerates
Alibaba Group Holding set out an expansive artificial intelligence strategy targeting more than US$100 billion in combined cloud and AI revenue within five years, as strong demand for AI services continued to drive growth in its cloud business.
The Chinese technological giant Alibaba Group pledged to set on Thursday the goal of exceeding 100 billion dollars in revenue from its artificial intelligence and cloud computing businesses over the next five years, which, he said, would be driven by the rise in demand for AI. [...] China’s Alibaba entry seeks to exceed $100 billion for artificial intelligence and cloud was first published in Information Focus.
Coverage Details
Bias Distribution
- 57% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
