Alibaba reported a rise in first-quarter revenue, driven by strong performance in its cloud computing division, Cloud Intelligence. The company said growing global demand for AI-powered services significantly boosted earnings in the segment.
Cloud Intelligence, which offers data processing and artificial intelligence solutions, saw a sharp increase in customer adoption across sectors, contributing to the company’s overall financial gains.
The positive results highlight Alibaba’s strategic pivot toward AI and digital infrastructure as key growth engines in a competitive tech landscape.
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PRESS UPDATE