Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Alibaba Office Building Nanjing, Jiangsu province, China, is seen on August 28, 2024.
Cfoto | Future publication Getty Images
Alibaba Shares rose on Hong Kong on Friday Quarterly results starAs a result of the growth of the company’s cloud intelligence and e-commerce segments.
The shares of the Chinese technology giant rose as many as 11% and the last business was 9.18% higher.
“We look forward to the Bab’s E-commerce business to be strong at 1hcy25f,” nomades said nomurts on Friday.
At once attempt to stimulate consumptionLast July China revealed 300 million yuan allocation plans (41.5 million billion) in special special special governments to improve current trade and equipment renewal policy.
The growth of e-commerce of domestic trade is recovering from sustainable growth and the general feeling is promoting the wider sector of Chinese technology, the UBP elderly equity consultant told CNBC.
Chinese technology stocks have largely been awarded by AI Startup Deepseeke, the US-LED AI ecosystem has a major challenge for its R1 model due to highest performance and significant costs.
The next three-year period is likely that Alibaba’s only concentrated investment in the AI and cloud infrastructure.
Jack Ma, the creator of Alibaba, who has been out of focus since 2020, a Private meeting organized by China President Xi Jinping Monday. In the session, XI pushed private businesses to “show their skills” and to increase confidence in a “new age” for their operations.
Alibaba became the target of the intense regulatory regulations carried out by Beijing, Who started in 2020 The company’s financial technology Affiliate team was forced by regulators to cancel the initial public offer.
Alibaba’s Hong Kong shared shares year-on-year
Alibaba has launched its AI Cloud Bandera model after the AI Cloud. Barclays wrote in a note, adding a significant increase in the AI inference request. 70% of the new demand.
“Large options, however, often require significant investments,” Barclays said.
“The next three-year period is likely to be the most concentrated investment in the construction of AI and cloud infrastructure. Giant has combined in the last 10 years, which is almost 270 million.
Thursday, Thursday, 48,945 million yuan income ($ 6.72 million) was a net income, December 31, the LSE has been three times higher than the 40.6 billion yuan Yuan.
The income of 280.15 million euros of Alibaba, also over the analysts 279.34 million years of expectations Yuan.
The shares of the company listed in the US jumped more than 8% after releasing results on Thursday.
– CNBC Ruxandra Iordache, Evelyn Cheng and Annie Bao contributed this report.
