Chinese e-commerce firm Alibaba Group Holding posted its fastest revenue growth in over a year, beating analyst expectations as it capitalizes on the artificial intelligence boom in China.

The e-commerce giant posted better-than-expected earnings in its fiscal third quarter as it worked to put growth back on track amid fierce domestic competition and a slowing Chinese economy.

Alibaba on Thursday reported third-quarter revenues just above analysts' estimates on strong year-end sales, showing that the e-commerce group's strategy to attract cost-conscious consumers has helped to revive its performance.

For the three months ended Dec. 31, the Chinese tech giant's revenue jumped 8 percent year-over-year to 280.1 billion renminbi, or $38.3 billion, beating analyst expectations.

KEY TAKEAWAYS Shares of Alibaba Group listed in the U.S. are jumping in premarket trading Thursday after the Chinese tech and e-commerce giant reported quarterly results that beat estimates.The company said revenue in its December quarter rose 7.

Chinese e-commerce giant Alibaba (BABA) is set to announce its fiscal Q3 FY25 results today. Alibaba stock has surged more than 74% over