TODAY'S MARKET INTELLIGENCE
Alibaba CEO Wu Yongming: AI-related ARR expected to approach $10B next quarter
English summary
At the analyst call, Alibaba Group CEO Wu Yongming said AI-related annualized recurring revenue (ARR) is expected to approach $10 billion next quarter. This quarter's AI ARR surpassed RMB 49.5 billion ($7.3 billion), and Alibaba Cloud's EBITA margin is expected to improve quarterly.
The English text is machine translated and may require verification against the Chinese version.
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