Alibaba Group Holding Limited (NYSE:BABA) Q3 2023 Earnings Call Transcript

Cloud computing is an industry that’s built on scale of economy, if you have more scale than you have no economy. So we need technology breakthroughs to achieve those economies of scale. We need to be able to enable our users not just to use cloud, but to use cloud well and to achieve demonstrable economic benefit from leveraging those cloud offerings. We need to be paying a lot of attention to public cloud and further drive scale there. This is a very important part of serving the digitalization of industry and providing cloud-based compute power, especially for data-intensive sectors. And then I know I’ve already touched on this quite a few times already, but another very important point is with generative AI and it’s more broad-based application in the near future, we can expect to see very rapid growth in demand for high-performance computing power.

You need infrastructure to be able to power that, and the infrastructure needs to be integrated from chip through network through to compute power, had all the global vendors are talking about that, but we and Alibaba see this as an extremely important opportunity, and we intend to fully capture it.

Robert Lin: Okay. Thank you, everyone, for your time to listening today. And that concludes our today’s earnings call. Other replay and transcript will be available in our IR website in this week. We look forward to meeting you and engaging with you in the coming months and look forward to speaking to you next quarter. Thank you.

Operator: That does conclude our conference for today. Thank you for participating. You may now disconnect.