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Alibaba posted 26% cloud revenue growth to 33.4 billion yuan, fueled by heavy AI investment, even as weaker ecommerce sales dragged overall revenue 2% below estimates. China's Alibaba said on Friday artificial intelligence was key to expanding its cloud computing business, as it reported strong quarterly growth in the sector despite its wider operations missing revenue estimates. US-listed shares in the company were up 8% at the market open. Revenue in Alibaba's cloud segment surged 26% to 33. ...Read More >
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