Alibaba Group said its revenue from cloud computing services in the quarter through June grew 26%, boosted by triple-digit sales growth for #Artificial Intelligence -related products. The solid cloud revenue growth came after Alibaba in April launched Qwen3, the latest generation of its open-source AI foundation models, cementing its position as one of the leaders in #🇨🇳 ChinA.I. 🤖🧠🦾🤖 competition. For Alibaba Cloud, China’s largest cloud service provider, offering a broad lineup of open-source AI models is a way to motivate more businesses to start using the company’s cloud computing platform. Alibaba’s revenue from its China e-commerce segment rose 10%. But the company’s overall revenue rose only 2% in the quarter, in part because Alibaba earlier sold two major brick-and-mortar retail businesses. Those businesses are no longer included in Alibaba’s revenue. https://www.cnbc.com/2025..