Alibaba cloud growth forecast to accelerate with AI push, higher service charges: analysts

Alibaba Group Holding’s cloud and artificial intelligence unit is expected to remain a prime engine for the March quarter, with the growth rate forecast to accelerate as the company steps up AI monetisation and reshuffles its AI businesses, according to analysts. Cloud revenue growth was projected to increase to around 40 per cent during the period, up from 36 per cent in the December quarter, analysts said. The growth momentum was expected to be supported by “a robust surge in token usage”,...

By Ann Cao