Alibaba Soars 11% on Strong Q4 Earnings and AI-Driven Growth

Alibaba Group (NYSE:BABA) rallied more than 11% intra-day today after delivering better-than-expected fourth-quarter earnings, fueled by solid revenue growth across its core e-commerce and cloud businesses.

For the quarter, Alibaba posted adjusted earnings per share of RMB21.39 ($2.93), surpassing analyst estimates of RMB19.81. Revenue climbed 8% year-over-year to RMB280.15 billion ($38.38 billion), beating forecasts of RMB277.03 billion.

Its core Taobao and Tmall Group recorded a 9% YoY increase in customer management revenue, reaching RMB100.79 billion ($13.81 billion), driven by higher online gross merchandise volume and improved monetization rates.

The company’s Cloud Intelligence Group continued to gain momentum, with revenue rising 13% YoY to RMB31.74 billion ($4.35 billion). AI-related product revenue sustained triple-digit growth for the sixth consecutive quarter, highlighting Alibaba’s expanding role in China’s AI ecosystem.

Meanwhile, Alibaba International Digital Commerce Group surged 32% YoY to RMB37.76 billion ($5.17 billion), reflecting strong cross-border demand and continued growth in global markets.

Looking ahead, Alibaba projects full-year 2024 revenue growth between 8% and 10%, reinforcing confidence in its ongoing AI-driven transformation and expanding global footprint. With reaccelerating core businesses and robust AI adoption, the company appears well-positioned for sustained momentum in the year ahead.