Alibaba’s Hong Kong-listed shares jumped more than 19%, their highest since March, fueled by strong performance in its cloud computing unit and news of a new AI chip under development. The rally followed a nearly 13% gain in New York after Friday’s earnings release.
For the June quarter, revenue rose 2% year-on-year to 247.65 billion yuan ($34.7 billion), slightly missing analyst forecasts, but net income surged 78%, beating expectations. The cloud division stood out with revenue up 26%, showing faster growth than previous quarters. AI-related product revenue “maintained triple-digit year-over-year growth for the eighth consecutive quarter,” Alibaba said. Reports of a new AI chip added momentum to stock, with investors seeing the cloud unit as central to the company’s strategy to monetize AI, similar to Microsoft and Google.
Meanwhile, Alibaba’s core e-commerce business is showing recovery, while its push into instant commerce (offering one-hour deliveries via Taobao) has intensified competition in China.
Source:
Kharpal, A. (2025, septiembre 1). Alibaba shares jump 19% on cloud unit acceleration, report of new AI chip. CNBC. https://www.cnbc.com/2025/09/01/alibaba-shares-hong-kong-today.html?recirc=taboolainternal