Have you heard about the rapid rise in Alibaba shares? 🚀 After a difficult time with the Chinese government, things are looking up again for the company. CEO Eddie Wu has announced that Alibaba wants to $BABA (-4.42%) wants to really take off in the AI sector.

In the last quarter, Alibaba achieved sales growth of 8 percent to 280.2 billion yuan (38.6 billion US dollars). This is the fastest growth in over a year! The share price has already risen by more than 60 percent this year. Despite these impressive figures, the share price is still a long way off its high from October 2020.

A large part of the turnover comes from e-commerce and the cloud business. The next three years will be particularly exciting, as Alibaba is planning massive investments in artificial intelligence. Eddie Wu describes general artificial intelligence as the company's primary goal.

What do you think about the future of Alibaba and its AI strategy? 👍

A little profit taking...

The Alibaba share $BABA (-4.42%) recently made an impressive leap. Investors reacted euphorically after the presentation of the quarterly figures for the December quarter of 2024. Profit rose to 6.7 billion US dollars, a huge increase compared to 1.3 billion in the previous year. 📈

Turnover increased by eight percent to 38.4 billion US dollars, exceeding analysts' expectations. These positive figures are not just a snapshot, but show that Alibaba is growing strongly in its main business areas, particularly in international e-commerce.

It is also interesting to note that Alibaba's new AI strategy is bearing fruit. The focus on user experience could be crucial for future success. What do you think? Is the AI strategy the key to Alibaba's long-term growth? 🤔

Revenue: Expected at USD 38.46 billion (€ 35.70 billion), revenue actually amounted to USD 38.58 billion (€ 35.81 billion). Alibaba thus slightly exceeded expectations by 0.3%.

E-commerce growth (Taobao & Tmall): The platforms recorded growth of 5%, which was in line with expectations.

AI-related revenue: Alibaba achieved triple-digit growth in this area for the sixth consecutive quarter.

Share price reaction: The stock rose 5.6% in pre-market trading, a very positive market reaction.

Key Highlights:

- Singles' Day Boost: Strong year-end sales due to extended discount promotions.

- AI growth: Continued strong growth in the area of artificial intelligence.

- Apple cooperation: Collaboration to integrate AI into iPhones sold in China.

- Jack Ma resurfaces: Participation in government meetings boosts investor confidence.

Conclusion

$BABA (-4.42%) slightly exceeded sales expectations and showed solid growth in key areas such as e-commerce and AI. The share price reacted with a strong rise of 5.6% in pre-market trading.

$BABA (-4.42%)#alibaba

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China's head of state Xi Jinping recently held a meeting with the board members of major tech companies. The result? A sharp rise in the price of shares such as Alibaba $BABA (-4.42%)Tencent $TCEHY (-3.29%) and BYD $1211 (-7.3%) ! 📈

Why is this important? Xi has sent a strong signal of support to the private sector. The message: China wants to support its economy. The Saxo APAC research team emphasizes that Xi encouraged entrepreneurs to focus on their development and to operate in accordance with the law.

Ask yourselves: do you believe that such meetings actually have a long-term impact on the stock market? Or is it just a flash in the pan? Discuss with us! 👍

With the current prices of Alibaba at EUR 121.40, Tencent at EUR 62.11 and BYD at EUR 44.66, we can see how important such political signals are for the market. What do you think of the Chinese government's strategy? 🤔