Subject: SCMP Article
South China Morning Post (Hong Kong, owned by Alibaba as far as I know, so don't expect overly critical reporting)

https://www.scmp.com/tech/big-...

a few snippets...

Wu, in the same call, voiced confidence that Alibaba Cloud’s overall revenue, excluding Alibaba-consolidated subsidiaries, will return to double-digit growth in the second half of the financial year, which ends next March. He said Alibaba will continue to improve profitability across businesses beyond e-commerce and cloud services.

“We expect most of these businesses to break even within one to two years and gradually contribute to profitability at scale,” Wu said.
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Alibaba claimed in the latest earnings report that it delivered “strong online gross merchandise value [GMV] growth year over year” for the festival, but it did not reveal overall numbers.
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“I would say that most of or probably more than half of our cloud unit’s growth is driven by AI products,” Wu said, adding AI budgets continue to grow despite a weak economy.
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Apart from in-house initiatives, Alibaba has also been pouring money into high-flying AI start-ups. It has emerged as one of the most active investors in the domestic industry, with stakes in all four of China’s so-called AI tigers – Zhipu AI, Moonshot AI, Baichuan AI, all based in Beijing, as well as Shanghai-based MiniMax.