Record-Breaking Monthly Active Consumers
Taobao and Tmall reached a new all-time high in monthly active consumers, driven by purchase frequency and interoperability initiatives.
Strong Cloud Revenue Growth
Cloud revenue, excluding Alibaba consolidated subsidiaries, grew by 7% this quarter, with AI-related products achieving triple-digit growth for the fifth consecutive quarter.
International Digital Commerce Surge
Alibaba International Digital Commerce Group achieved 29% revenue growth, with significant contributions from cross-border business.
Successful Double Eleven Shopping Festival
Taobao and Tmall achieved robust GMV growth during the Double Eleven global shopping festival, with monthly active consumers reaching a record high.
Strong Share Repurchase Program
Alibaba repurchased $4.1 billion in shares this quarter, achieving a 4.4% net reduction in share count for the first half of the fiscal year.