Alibaba Aims for $100 Billion in AI and Cloud Revenue Over Next Five Years

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Alibaba Targets $100B in AI and Cloud Revenue Over 5 Years Amid Profit Drop

Alibaba Targets $100B in AI and Cloud Revenue Over 5 Years Amid Profit Drop

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CNBC TV18•19-03-2026, 21:37

Alibaba Targets $100B in AI and Cloud Revenue Over 5 Years Amid Profit Drop

•Alibaba Group aims for over $100 billion in AI and cloud revenue within five years, driven by AI demand.
•The announcement follows a 67% drop in quarterly profit, despite robust cloud business growth.
•Cloud revenue surged 36% to 43.3 billion yuan ($6.2 billion) in the October-December quarter.
•CEO Eddie Wu highlighted the "exponential growth in AI demand" and the company's expanded AI offerings.
•Alibaba plans to increase prices for some AI services by up to 34% and launched the Wukong AI tool.

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