Technology8/29/2025•Bloomberg
Alibaba’s AI Revenue Climbs Even as China Food War Hurts Profit
Alibaba's AI revenue climbed despite a decline in overall profit due to intensifying competition in China's e-commerce market. The company's AI business saw a surge in revenue, helping offset the impact of the ongoing "food war" with rivals Meituan and JD.com. Alibaba's profit dropped unexpectedly, reflecting the challenges posed by the fierce competition in the internet commerce space. The report highlights Alibaba's efforts to diversify its revenue streams and leverage the growing demand for AI-powered services, even as it navigates the increasingly competitive landscape in its core e-commerce business.
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