Alibaba reports strong e-commerce revenue growth in December quarter

Alibaba reported better-than-expected revenue for the December 2024 quarter, mainly due to strong performance in its e-commerce platforms, Taobao and Tmall Group, as well as its Cloud division. Other segments met expectations. This marks a positive shift from previous results, where growth was more uncertain. The company’s e-commerce success contrasts with earlier concerns about market competition and economic conditions. Investors are now assessing whether this growth can be sustained amid ongoing discussions about the impact of artificial intelligence on the e-commerce sector.