Alibaba shares rise as AI drives 34% cloud sales jump
Alibaba showcase its AI technology application achievements from Alibaba Cloud at the World Artificial Intelligence Conference in Shanghai, China on July 26, 2025.Alibaba delivered better than expected revenue in its fiscal second quarter as sales in its key cloud computing division accelerated.Here's how the company did in its fiscal second quarter ended Sept. 30 versus LSEG estimates:Revenue: 247.8 billion Chinese yuan ($34.8 billion) versus 242.65 billion yuan.Revenue rose 5% year-on-year.Investors are f ...