Alibaba just gave investors a reason to cheer ! The tech giant's Hong Kong-listed shares skyrocketed nearly 15% Friday after revealing plans to go all-in on AI and cloud computing. With revenue hitting $38.6B (up 8% YoY), this marks their strongest growth in over a year.
CEO Eddie Wu dropped a bombshell during Thursday's earnings call: Alibaba plans to invest more in AI over the next three years than it has in the past decade combined. While exact figures remain under wraps, the company's already poured 61.4B yuan into tech this fiscal year.
Here's the kicker: AI-related products saw triple-digit revenue growth for the sixth straight quarter, while cloud services jumped 13%. Analysts say this 'aggressive' pivot could reshape Asia's tech landscape—and young professionals are watching closely.
NewspaperAmigo – Your Global News Buddy 
! The tech giant's Hong Kong-listed shares skyrocketed nearly 15% Friday after revealing plans to go all-in on AI and cloud computing. 
With revenue hitting $38.6B (up 8% YoY), this marks their strongest growth in over a year.
While exact figures remain under wraps, the company's already poured 61.4B yuan into tech this fiscal year.
, while cloud services jumped 13%. Analysts say this 'aggressive' pivot could reshape Asia's tech landscape—and young professionals are watching closely. 
