Alibaba and Nvidia are expanding their partnership to enhance artificial intelligence capabilities, focusing on cloud computing and data processing. This collaboration aims to leverage Nvidia's advanced AI technologies within Alibaba's cloud services, potentially transforming various sectors in China and beyond.

Alibaba's shares in Hong Kong rose over 19% following strong quarterly results driven by its cloud computing unit and developments in AI chip technology. The company's revenue reached 247.65 billion yuan, with a notable 26% growth in cloud revenue, while its core e-commerce business showed signs of recovery despite investments in competitive instant commerce services.