Alibaba Group, the parent company of AliExpress, plans to accelerate investments in artificial intelligence and cloud computing after reporting a 333 per cent surge in net income to $6.36 bn for the quarter ended December 31, 2024. The Chinese e-commerce giant posted an eight per cent increase in total revenue to $38.4bn, citing steady e-commerce
Alibaba posts $6.3bn profit, plans bigger AI investments
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