Alibaba: Will continue to firmly invest around the two strategic focuses of large consumption and AI + Cloud

On August 29, Alibaba Group released its financial report for the first quarter of fiscal year 2026. Excluding the impact of divested businesses, the group's overall revenue grew by 10% year-on-year. Net profit increased by 76% year-on-year, exceeding market expectations. The instant retail business has rapidly achieved stage results. Alibaba Group CEO Eddie Wu stated, "In this quarter, we focused on the strategies of consumption and AI + cloud, achieving strong growth. We have heavily invested in the instant retail business, quickly achieving stage results. By integrating consumption platforms, we have generated significant synergies, driving monthly active consumers and daily order volume to new highs. Driven by sustained strong demand for AI, the revenue of the Cloud Intelligence Group has accelerated growth, with AI revenue significantly contributing to external commercialization revenue in the cloud. Looking ahead, we will continue to invest firmly around the two strategic focuses of large consumption and AI + cloud, seizing historical opportunities to achieve long-term growth."