Alibaba reported a 3% revenue increase for the March quarter alongside a 38% surge in cloud revenue, while simultaneously unveiling the Zhenwu M890 AI processor and the Qwen3.7-Max large language model at its annual summit in Hangzhou.
While the tech world focuses on these new hardware and software releases, Marc Benioff provided a reminder on All-In of the company's vital role as the gatekeeper for Salesforce operations in China. "We have an exclusive partnership with Alibaba. Everything just goes through them, and we, we don't do anything in China."
The contrast between Alibaba's aggressive pivot toward proprietary AI infrastructure and the cautious, hands-off approach described by Salesforce highlights the bifurcated nature of doing business in the region. Investors are now watching to see if the Panjiu AL128 server rollout can maintain this momentum in the competitive AI cloud market.
