# Alibaba's revenue climbed 3% driven by strong cloud and AI growth, with its China e-commerce unit boosted by government subsidies.

*genai · news · 2026-05-13 · The Economic Times*

## Key points

- Alibaba's Cloud Intelligence Group revenue increased 38% to 41.63 billion yuan, exceeding estimates.
- Alibaba launched an enterprise AI platform coordinating multiple AI agents for complex business tasks.
- China e-commerce revenue reached 122.22 billion yuan, surpassing expectations due to government subsidies.
- Total revenue missed estimates because international e-commerce performance lagged behind forecasts.

**Companies:** Alibaba
**Countries:** China

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/tech/technology/alibaba-quarterly-revenue-rises-on-cloud-demand-ecommerce-growth/articleshow/131061691.cms)

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