Strong Revenue Growth
Alibaba delivered strong performance this quarter with total revenue growing 10% year-over-year, and adjusted EBITDA increasing 36% year-over-year.
Cloud Revenue Acceleration
Alibaba Cloud's revenue growth accelerated to 18% this quarter, with AI-related products maintaining triple-digit year-over-year growth for the seventh consecutive quarter.
E-commerce User Growth
Taobao and Tmall Group saw stronger momentum in user growth, with 88VIP members surpassing 50 million. Customer management revenue rose 12% year-over-year.
International Commerce Growth
AIDC achieved year-over-year revenue growth of 22% this quarter, driven by strong performance in cross-border businesses.
Profitability in Digital Media
The Digital Media and Entertainment Group achieved profitability on an adjusted EBITDA basis this quarter.
Cash Return to Shareholders
Alibaba announced an annual dividend increase of 5% and a special dividend, returning a total of $16.5 billion to shareholders for this fiscal year.