$BABA-W(09988.HK) has made significant progress on the AI front, with Alibaba Cloud's visual generation base model Wanxiang 2.1 officially announced as open source.
According to the latest financial report data, Alibaba Cloud's business achieved revenue of 31.7 billion in the fourth quarter, a year-on-year growth rate of 13%, significantly better than the market consensus expectation of 9.7%. Although the actual expectations of buyers may have increased to over 10% in the recent rise, the 3 percentage point beat is considered a relatively satisfactory figure for buyers, according to Dolphin Research.
From a profit perspective, Alibaba Cloud's adjusted EBITA profit reached 3.14 billion this quarter, exceeding the expected 2.83 billion. The adjusted EBITA profit margin increased by another 0.9 percentage points quarter-on-quarter.
As the core of Alibaba's revaluation (more important than even Taobao's business), the dual beat in Alibaba Cloud's revenue and profit continues to drive the market towards an optimistic sentiment.
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