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Net profit fell 53% amid fierce competition in the food-delivery sector, but revenue growth was steady as the group targets consumer AI.

Alibaba stock jumped early Tuesday as the Chinese e-commerce giant beat revenue expectations and signaled robust AI demand and cloud growth.

Alibaba reported a 34% rise in cloud computing revenue to 39.8 billion yuan versus expectations of 37.9 billion yuan. That growth rate was faster than the 26% notched in the June quarter.

Chinese e-commerce giant Alibaba , beat analysts' estimates for quarterly revenue on Tuesday, as investments in one-hour delivery helped drive more users to its shopping apps, while its cloud division reported strong growth.

HONG KONG--(BUSINESS WIRE)---- $BABA #alibaba--Alibaba Group Holding Limited today announced its financial results for the quarter and six months ended September 30, 2025.

Alibaba's stock price remains 50% below its all-time high. It trades at a discount to many U.S. tech stocks.

Class A shares of the Alger International Opportunities Fund underperformed the MSCI ACWI ex USA Index during the third quarter of 2025. Returns from individual stock selection detracted from relative performance, while factor exposures had a positive impact. Among countries, the Netherlands, Belgium, and Spain provided the largest contributions to relative performance, while Japan, the United ...

Alibaba Group (NYSE:BABA) shares moved higher after it launched Qwen, a new AI chatbot aimed at competing with rivals such as OpenAI's ChatGPT and Google's Gemini. The app, which unifies the Hangzhou, China-based company's previous iOS and Android AI offerings under a single brand, saw more than 10 million downloads within a week of its relaunch.