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Alibaba conference call: The growth of the cloud business is mainly driven by demand for AI, and it will remain on an upward trajectory in the coming quarters, converting more Taobao users into instant retail users.
Alibaba stated that in the coming quarters, the revenue growth rate of Alibaba Cloud is still in an upward channel, and the explosion of inference demand has not yet fully reflected in this Earnings Report. The customer demand driven by inference is still continuously and steadily increasing. The focus of instant retail is to convert more Taobao users into instant retail users and then upgrade the business model. In addition, the combined promotion and Software service fees will provide significant growth for a considerable amount of time in the future.
Alibaba's Profit Meets Expectations, Yet Stock Price Plunges. What's Wrong?
BABA Q4 Revenue Hits $32.6B, Cloud Sees 18% Growth Amid AI Boom
The main highlight of Alibaba's performance tonight: the growth rate of Alibaba Cloud will determine the stock price.
Morgan Stanley believes that the revenue growth of Alibaba Cloud will be a key catalyst for Alibaba's stock price, which is expected to grow by 17-20% in the baseline scenario, leading to a stock price increase of 1-3% to $133-136.
Tencent's AI arms race is rapidly expanding.
Welcoming a new round of expansion cycle.
The first interest rate cut of the year has been implemented! This releases approximately 1 trillion yuan in long-term liquidity.
① The People's Bank of China lowered the reserve requirement ratio of Financial Institutions by 0.5 percentage points starting from May 15, providing approximately 1 trillion yuan in long-term liquidity to the market; ② This adjustment aims to encourage Financial Institutions to support the real economy, especially in the fields of Autos finance and leasing.