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BABA-W Eddie Wu: AI+Cloud Envisioned to Become New Growth Engine for LT Development
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BABA-W (09988.HK) (BABA.US) announced its fourth-quarter and FY2025 results as of the end of March. Eddie Wu, Chief Executive Officer of Alibaba Group, said that the group’s results demonstrate the ongoing effectiveness of its “user first, AI-driven” strategy, with core business growth continuing to accelerate. Customer management revenue at Taobao and Tmall Group grew 12% last quarter, reflecting the sustained impact of investments in user experience and effective monetization. The number of 88VIP members, its highest spending consumer group, continued to increase by double digits year-over-year, surpassing 50 million. Looking ahead, the group will remain focused on its core businesses and continue to drive AI + Cloud as a new engine for its long-term growth AAStocks Financial News |
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