Alibaba AI revenue sees triple-digit-gain streak hit 11 quarters amid reshuffle
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Alibaba Group Holding reported its first quarterly revenue for AI-related products, achieving triple-digit growth for the 11th consecutive quarter. AI revenue reached 8.97 billion yuan (US$1.32 billion), contributing to a 3% overall revenue increase to 243.4 billion yuan (US$35.3 billion). The cloud-computing unit saw a 38% year-on-year growth. Net income surged 105% to 25.5 billion yuan, while adjusted Ebita fell 84% to 5.1 billion yuan. The company announced a cash dividend of US$0.13 per share for the 2026 financial year, reflecting its strategy to enhance AI capabilities and capitalize on the token economy.
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