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Thursday • August 20, 2026

Industry News Source

Alibaba Cloud Revenue Jumps 45%. Is the Profit Plunge and China E-Commerce Slide Cause for Concern?

The Veteran Chinese Tech Company Published Its Second-Quarter Earnings on Thursday Morning

Alibaba Group, which shot to fame and prominence as China’s everything-but-the-kitchen-sink e-commerce giant, is in the midst of a long transformation. It’s reshaping itself as a leading artificial intelligence (AI) and cloud services provider in the massive Asian country, and, in my view, that’s what pushed its U.S.-listed stock up on Thursday.

Cloud

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