Nomura and Jefferies analysts forecast continued growth for Alibaba's cloud and compute services, noting improved profit margins and expectations for revenue growth to exceed 50 percent year-on-year in the September quarter.
The Hong Kong Gold Exchange and TGX Technology launched a joint venture to build a gold trading and clearing platform, aiming to establish the city as a major gold trading hub by early 2027.
Alibaba Cloud reduced large-scale AI data centre delivery times to 100 days using its CUBE 5.0 system, compared to standard domestic times of six to 12 months.
A city in eastern China's Jiangsu province has signed an agreement with Alibaba Cloud and Wangsu Science and Technology to build a data center that will directly connect to renewable energy plants, aiming to boost token output efficiency by 62.5%.
Alibaba Cloud has launched its first data centers in France, expanding its European presence to meet growing demand and support data sovereignty initiatives. This move positions the company to offer AI services across the region.
Tech executives believe China has an advantage in deploying AI applications to consumers, despite lagging in computing power. However, concerns about overvaluation of Chinese AI firms are rising.
Alibaba's MuleRun, a one-stop AI agent platform, aims to offer a safer alternative to OpenClaw, providing AI services across research, coding, and more, available in 43 countries.
Alibaba's senior VP Liu Weiguang described AI as a new form of manufacturing at the Alibaba Cloud Summit, calling their operations "China's AI factory." The company also launched Qwen3.7-Max, a new LLM for AI agents.
Alibaba's cloud and AI division is projected to see accelerated revenue growth in the March quarter, driven by rising token usage and recent service price increases.
Alibaba Cloud's Qwen models have reached nearly 1 billion cumulative downloads, significantly outpacing competitors like Meta's Llama and DeepSeek, highlighting China's growing dominance in the open-source AI landscape.
