Jack Ma, co -founder of Chinese e -commerce alibaba, speaks in Paris in 2019.
Philippe Lopez/AFP through Getty Images)
Chinese e -commerce giant Alibaba emphasized her ambitions after reporting strong results for her third quarter. This prompted the hope that it would become a leader in him, and the double -listing company shares increased 12.7% in Hong Kong since 11:30 pm, while raising 8.1% in New York overnight.
On Thursday, the company announced that net income increased 333% to 49 billion yuan in the last three months of 2024 thanks to the revenue from operations and changes to its net investment value. Revenue increased a better than expected 8% in 280 billion yuan ($ 38.4 billion) a year ago.
Cofounder Jack Ma, who withdrew as Alibaba leader in 2019, but still partially derives his property from a company action, added nearly $ 1 billion to its net value, making it one of the five most winners Greats of wealth in the world on Thursday, according to Thursday, Thursday, billionaire in real -time Forbes.
With yesterday’s New York rally, Alibaba’s shares have increased over 60% so far this year, adding $ 120 billion to its market capitalization in SH. Analysts gave investors many reasons for hope.
In the call, CEO Eddie Wu described a future in which Alibaba Cloud, which provides the computing power needed for him, will benefit from the spread of related applications, especially after China’s Deepseek released a very model of a model of January affordable. Wu, one of the most reliable Lieutenants together with President Joe Tsai, said the company’s main objective is pursuing the general artificial intelligence (Agi), which refers to the one that matches or exceeds human intelligence.
“We aim to continue to develop models that extend the boundaries of intelligence,” Wu said. He added that he predicts a future in which he will take on more human work.
Alibaba’s investment in him and the infrastructure linked over the next three years will exceed what has gone through the last decade, according to Wu, who did not specify the amount. Wang Xiaoyan, a Shanghai -based analyst at the 86 Research research firm, says the “set” investment will help Alibaba maintain a superiority over rivals and give investors growing confidence over the next five years.
Alibaba will soon release another model of him, after starting his qwen 2.5-Max model in late January, which the company says exceeds Deepseek and some other Openai models.
Investing in it is needed for a long -term growth, wrote Thomas Chong, an analyst at the Jefferies Investment Bank, in a Thursday’s research note. Alibaba is now an “AI investment”, analysts in Hong Kong -based research firm, Blue Lotus Capital Advisors writes in a Friday search note.
Blue Lotus Analysts agree that Alibaba Cloud, which has a 30 to 40% share of China’s public market, will host more applications on the road, according to the research note.
Western companies seeking to introduce products in China are likely to work with alibaba, especially after Apple plans to use company models to empower the services of iPhone in the country, Chelsey Tam, a high capital analyst High in Hong Kong in Morningsar, wrote in a Friday research note.
“We believe that investors are anticipating a stronger growth from its cloud unit,” Tam wrote.
For alibaba, this could be a return after years of strong government pressure, which began after criticizing China’s financial regulatory system in 2020. He was among the private sector entrepreneurs who met Chinese President Xi Jinping on Monday . This was widely regarded as a sign of government support and encouragement for private enterprises to grow faster between home economic problems and increase tensions with US