Alibaba Is No Longer the Same Company That Investors Have Known. Here's Why.
The old version of the Chinese tech giant isn't disappearing overnight. It is funding the new one.
Overview
For years, Alibaba (NYSE: BABA) was synonymous with Chinese e-commerce.
Its Taobao and Tmall operations were the crown jewels of its tech empire. The cloud was a promising side business. And investors largely viewed the company through the lens of China's consumer economy.
Details
That's no longer the case. Alibaba's fiscal 2027 first quarter, which ended June 30, offers perhaps the clearest evidence yet that the company is changing. Its artificial intelligence (AI) and cloud businesses are growing at a dramatically faster pace than its traditional e-commerce operations, while management is pouring enormous amounts of capital into building an AI ecosystem.
Source
Originally published at www.fool.com.