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During the earnings analyst call, Wu Yongming, the CEO of Alibaba Group, provided an update on the progress of the company's AI strategy. He emphasized that Alibaba Cloud's key competitive edge lies in its full-stack AI technology capabilities, which have empowered it to significantly boost its market presence across various sectors. In the hybrid cloud market, Alibaba Cloud achieved a growth rate exceeding 20%, outpacing the industry average and steadily increasing its market share. Similarly, its financial cloud services have also grown faster than the market, further expanding its footprint. Additionally, in China's AI cloud market, Alibaba Cloud holds a leading position, with a market share greater than the combined total of the second to fourth place competitors.
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