For years, Alibaba (NYSE: BABA) was synonymous with Chinese e-commerce.
Its Taobao and Tmall operations were the crown jewels of its tech empire. The cloud was a promising side business. And investors largely viewed the company through the lens of China's consumer economy.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
That's no longer the case. Alibaba's fiscal 2027 first quarter, which ended June 30, offers perhaps the clearest evidence yet that the company is changing. Its artificial intelligence (AI) and cloud businesses are growing at a dramatically faster pace than its traditional e-commerce operations, while management is pouring enormous amounts of capital into building an AI ecosystem.
Alibaba is still an e-commerce company. But increasingly, it is becoming something else.
#cloud #first
Its Taobao and Tmall operations were the crown jewels of its tech empire. The cloud was a promising side business. And investors largely viewed the company through the lens of China's consumer economy.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
That's no longer the case. Alibaba's fiscal 2027 first quarter, which ended June 30, offers perhaps the clearest evidence yet that the company is changing. Its artificial intelligence (AI) and cloud businesses are growing at a dramatically faster pace than its traditional e-commerce operations, while management is pouring enormous amounts of capital into building an AI ecosystem.
Alibaba is still an e-commerce company. But increasingly, it is becoming something else.
#cloud #first
2 months ago
