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From the heart of where innovation, money, and power collide,

in Silicon Valley and beyond,

this is Bloomberg Technology with Caroline Hyde and Ed Ludlow.

Live from New York, I'm Caroline Hyde.

And I'm Jackie Davalas in San Francisco.

This is Bloomberg Technology.

Coming up, Alibaba shares saw after AI demand and e-commerce rebound.

They drive revenues for the Chinese giant.

Plus, US Treasury Secretary Scott Besant weighs in on AI productivity and his relationship with Elon Musk.

And the CEO of Carvana joins as the

stock sinks on lower gross profit per vehicle. And it's the Chinese names that do well. Once again today,

Alibaba absolutely sawing at one point up more than 13%, we're up 9% at the moment on the ADRs,

the American depository receipts. Really, AI demand, cloud and seeing growth of 13%, seeing e-commerce come back as they charge more fees overall.

We want to dig into it with Yichin Shen, who joins us for more. And look, this seems to be Alibaba coming out of the doldrums of the past years and the regulatory pushback.

Yes, right, exactly. So today is the big earning day for Alibaba and I will say it delivered very strong and

solid earnings outcome.

If you look like it beats on the revenues, right?

From the top line, it reported a revenue growth which is the fastest in more than a year and it's way above the

Wall Street analysts estimates and it also comes from the improvement from two of

its most important segments one is e-commerce and the second is the cloud business

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