Alibaba Cloud's revenue growth accelerated, with AI product revenue growing by triple digits
Posted: Sun Dec 22, 2024 10:49 am
Alibaba Cloud focuses on the high-quality growth strategy of "public cloud + AI" and showed positive growth momentum this quarter, with double-digit growth in public cloud revenue and triple-digit growth in AI-related product revenue. Alibaba Cloud's quarterly adjusted EBITA grew strongly by 155% year-on-year.
Alibaba Cloud continues to invest in technology infrastructure construction to maintain its market leadership. In Gartner's 2024 Magic Quadrant for Data Science and Machine Learning Platforms, Alibaba whatsapp number in australia Cloud has jumped to the Challenger quadrant, becoming the only Asian cloud service provider to be included in the report. At the Paris Olympics, more than two-thirds of the Olympic TV and webcast signals were distributed globally based on Alibaba Cloud.
With its powerful cloud + AI technology and product capabilities, Alibaba Cloud supports large-scale model applications of technology companies such as Dark Side of the Moon and Zhaopincom.
Open source also brings new business growth to Alibaba Cloud. During the quarter, Alibaba Cloud released the open source model Qwen2-72B. The number of paying users using Alibaba Cloud AI platform Bailian increased by more than 200% month-on-month. Bailian integrates hundreds of large model APIs to provide developers with a variety of model choices.
According to the sales channel, 14.097 billion yuan of revenue came from the Chinese market, and overseas revenue accounted for 1.7%. Among them, the sales revenue of domestic franchise dealers was 6.59 billion yuan, a slight decrease of 2.0% year-on-year, and the direct sales revenue was 3.50 billion yuan, an increase of 2.7% year-on-year; the sales revenue of e-commerce channels was 4.00 billion yuan, an increase of 10.2% over last year.
Alibaba Cloud continues to invest in technology infrastructure construction to maintain its market leadership. In Gartner's 2024 Magic Quadrant for Data Science and Machine Learning Platforms, Alibaba whatsapp number in australia Cloud has jumped to the Challenger quadrant, becoming the only Asian cloud service provider to be included in the report. At the Paris Olympics, more than two-thirds of the Olympic TV and webcast signals were distributed globally based on Alibaba Cloud.
With its powerful cloud + AI technology and product capabilities, Alibaba Cloud supports large-scale model applications of technology companies such as Dark Side of the Moon and Zhaopincom.
Open source also brings new business growth to Alibaba Cloud. During the quarter, Alibaba Cloud released the open source model Qwen2-72B. The number of paying users using Alibaba Cloud AI platform Bailian increased by more than 200% month-on-month. Bailian integrates hundreds of large model APIs to provide developers with a variety of model choices.
According to the sales channel, 14.097 billion yuan of revenue came from the Chinese market, and overseas revenue accounted for 1.7%. Among them, the sales revenue of domestic franchise dealers was 6.59 billion yuan, a slight decrease of 2.0% year-on-year, and the direct sales revenue was 3.50 billion yuan, an increase of 2.7% year-on-year; the sales revenue of e-commerce channels was 4.00 billion yuan, an increase of 10.2% over last year.