None
EN
Is Alibaba the Best Chinese AI Play After Apple’s Endorsement?
[]
Insider Monkey - Free Hedge Fund and Insider Trading DataInsider Monkey – Free Hedge Fund and Insider Trading Data – Free Hedge Fund and Insider Trading Data, Hedge Fund News, Financial Commentaries - News Feed
Alibaba (NYSE:BABA) has strengthened its position as one of China’s most compelling artificial intelligence investment opportunities.
The partnership represents one of the strongest endorsements yet of Alibaba’s AI technology.
The strategic partnership is also poised to accelerate the adoption of Alibaba Cloud AI services and enable it to generate additional AI-related revenue opportunities.
While total revenue was up 3% in the fourth quarter of fiscal 2026, the increase was driven by accelerated performance in Cloud Intelligence Group.
Cloud Intelligence revenue climbed 38%, with AI-related products accounting for 30% of external cloud revenue.