Strong Revenue Growth
Alibaba reported a 10% year-over-year revenue growth excluding Sun Art and Intime, with adjusted EBITDA increasing by 36% year-over-year.
AI and Cloud Expansion
Alibaba Cloud's revenue growth accelerated to 18% this quarter, with AI-related product revenue maintaining triple-digit 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 E-commerce Success
AIDC achieved year-over-year revenue growth of 22% this quarter, with 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.
Strong Shareholder Returns
Alibaba announced an annual dividend of $1.05 per ADS, a 5% increase, and a special dividend of $0.95 per ADS, resulting in a total of $2 per ADS for the year.