Alibaba Group has reported its fastest revenue growth in over a year, driven by strong performance in e-commerce and cloud services. The company’s AI initiatives are yielding results, signaling a comeback for the Chinese internet giant that had faced turbulence in recent years. Despite challenges from rivals like ByteDance and PDD Holdings, Alibaba is now beating expectations with its revenue gains, hinting at a rebound in Chinese consumer spending after post-Covid downturns.
Source: https://www.bloomberg.com/news/articles/2025-02-20/alibaba-revenue-beats-estimates-as-signs-of-a-comeback-mount