Search
On the evening of November 25, Alibaba unveiled its financial performance for the second quarter of the 2026 fiscal year, revealing a 5% year-on-year revenue surge, reaching RMB 247.795 billion. During the earnings conference call, Alibaba's CEO, Wu Yongming, highlighted that the deployment pace of Alibaba Cloud's AI servers and related equipment lags significantly behind customer demand, resulting in a steady accumulation of backlog orders. He expressed his belief that the AI bubble is improbable to materialize within the next three years at the very least. Furthermore, Alibaba's Chief Financial Officer, Xu Hong, indicated that the overall investment in flash - sale operations is projected to witness a substantial decline in the upcoming quarter.
-
C114 Communication Network -
Communication Home
