Big news about Alibaba, a giant tech company in China! They just announced some awesome earnings, and they're super excited about artificial intelligence (AI). It's like super-smart computer technology that can do amazing things!
- Alibaba made more money than expected this past quarter.
- They're investing a ton in AI, planning to spend more in the next 3 years than the last 10!
- Their AI products are growing super fast – triple the growth for six quarters in a row!
- They're even working with Apple on AI stuff for iPhones in China!
| Fact | Number |
|---|---|
| Alibaba's stock price increase (past month) | ~48% |
| Earnings per share (RMB) | 20.39 |
| Quarterly revenue (RMB billion) | 280.2 |
| AI product revenue growth | Triple digit growth for six consecutive quarters |
