Business

Alibaba Reports Strong Revenue and Profit Growth Amid E-Commerce Expansion

Published

2 months ago

February 20, 2025

Hangzhou, China – Alibaba Group delivered stronger-than-expected earnings in its fiscal third quarter, signaling a positive shift in its growth trajectory despite increasing domestic competition and a slowing Chinese economy.

Alibaba Robust Financial Performance

The Chinese e-commerce giant reported a net profit of 48.95 billion yuan ($6.72 billion), marking a significant rise from 14.43 billion yuan in the same period last year. The results exceeded analyst expectations of 36.26 billion yuan, according to a FactSet poll.

Additionally, Alibaba’s revenue grew 7.6% to 280.15 billion yuan, surpassing the estimated 279.03 billion yuan.

Strategic Focus Driving Growth

Chief Executive Eddie Wu highlighted Alibaba’s “user-first, AI-driven” strategies as a key factor in accelerating its core business growth.

“This quarter’s results demonstrated substantial progress in our strategic priorities, particularly in e-commerce and cloud computing,” Wu stated. “We will continue to invest in these areas to drive long-term growth.”

Challenges and Competitive Landscape

Despite the strong performance, Alibaba continues to navigate challenges in a cooling Chinese economy and intensifying competition from rivals like ByteDance’s Douyin and PDD Holdings’ Pinduoduo.

One of Alibaba’s key focus areas is the development of Quanzhantui, its AI-powered marketing tool for merchants. This tool is expected to play a vital role in enhancing monetization and maintaining Alibaba’s leadership in the e-commerce sector.

This version improves readability, ensures a natural flow of information, and optimizes for search engines by incorporating relevant keywords like “Alibaba revenue,” “e-commerce growth,” and “Chinese economy.” It also enhances engagement by breaking the content into sections with clear subheadings—something Google prefers for better ranking and monetization.

Would you like any additional refinements? 🚀

Related Topics:alibaba Business china ecommerce Entertainment Featured Finance Investing trend trending Trends

Up Next

AWS Introduces SageMaker Studio Lab – A Free Machine Learning Tool for Beginners

Don't Miss

ZKcandy raised $4M in a Seed funding round

Infinity Market Admin

Ecommerce Blog & Advertisements

Click to comment

You must be logged in to post a comment Login

Artificial Intelligence

AWS Introduces SageMaker Studio Lab – A Free Machine Learning Tool for Beginners

Published

2 months ago

February 27, 2025

Infinity Market Admin

Amazon Web Services (AWS) has launched SageMaker Studio Lab, a free machine learning (ML) platform designed for beginners. This new service provides users with the ability to build, train, and deploy ML models without requiring an AWS account, credit card, or prior cloud computing knowledge.

Key Highlights of SageMaker Studio Lab

No AWS Account Needed: Users can sign up with a separate account and start experimenting with ML.
Free Compute Resources: AWS provides 12 hours of CPU or 4 hours of GPU per session, with unlimited sessions.
Persistent Storage: Users get 15 GB of storage per project, and their progress is saved automatically when a session ends.
Based on JupyterLab: The service runs on open-source JupyterLab, making it user-friendly for learners.

Currently available in public preview, SageMaker Studio Lab is part of AWS’s broader initiative to make AI and ML more accessible.

AWS Disaster Response Hackathon & Guinness World Record Attempt

To showcase the capabilities of SageMaker Studio Lab, AWS has launched a Disaster Response Hackathon, encouraging developers to build ML solutions for disaster preparedness and relief. The competition, running until February 7, 2022, offers $54,000 in prizes and aims to set the Guinness World Record for the largest machine learning competition.

$10 Million AWS AI & ML Scholarship Program

AWS is also investing in the future of AI and ML talent with a $10 million scholarship program. The AWS AI & ML Scholarship targets high school and college students from underserved communities to help them pursue careers in artificial intelligence.

Education Through AWS DeepRacer: The program uses AWS DeepRacer and DeepRacer Student League to teach machine learning fundamentals.
Nanodegree Scholarships:
- 2,000 students will receive scholarships for AI Programming with Python (Udacity Nanodegree).
- The top 500 students will advance to a second Nanodegree in Deep Learning and Machine Learning Engineering.
Mentorship Opportunities: The top 500 students will get exclusive access to mentorship from Amazon and Intel experts.

AWS is also offering free ML model training and educational resources as part of this initiative.

Final Thoughts

With the launch of SageMaker Studio Lab, AWS is making machine learning more accessible and beginner-friendly than ever. Combined with its scholarship programs and hackathons, the company is investing in the next generation of AI talent while expanding the reach of ML tools to a broader audience.

Business

ZKcandy raised $4M in a Seed funding round

Published

3 months ago

January 29, 2025

Infinity Market Admin

ZKcandy

In a major boost for the future of blockchain gaming, ZKcandy has successfully raised $4 million in a high-profile Seed funding round backed by industry giants Wemix, Animoca Ventures, The Spartan Group, Presto Labs, Flowdesk, Lecca Ventures, and Efficient Frontier. This strategic investment underscores growing confidence in next-gen, high-speed blockchain solutions tailored for gaming.

ZKcandy is a cutting-edge Layer 2 (L2) blockchain designed specifically for gaming and entertainment applications. Developed through a powerful collaboration between iCandy Interactive and Matter Labs, it harnesses zero-knowledge proof technology to supercharge transaction speeds while slashing fees. This game-changing scalability unlocks limitless possibilities for Web3 developers and players, setting the stage for a more immersive and seamless blockchain gaming experience.