Alibaba Signals More Confidence as International Arm Grows 35%

Alibaba Group Holding Ltd. reported solid growth in businesses including its international and cloud divisions, helping to offset some of the drag from an anemic Chinese commerce business.

Overall sales rose about 5% after the internet pioneer’s domestic e-commerce operation eked out just 1% growth, reflecting the poor consumer sentiment plaguing its core business. But the international division, which encompasses Lazada and the Temu-like AliExpress, expanded revenue 35% — again outshining all other segments. The cloud unit accelerated revenue growth to more than 7%, suggesting it’s beginning to claw back market share lost to state rivals.

Alibaba’s shares rose about ...