Revenue Growth
Alibaba's total revenue increased by 15% year-over-year, excluding Sun Art and Intime. The China E-commerce CMR grew by 10% and Cloud Intelligence revenue rose by 34%.
AI and Cloud Business Expansion
Alibaba Cloud's revenue growth was driven by a 34% increase, with external customer revenue accelerating by 29%. AI-related products posted triple-digit year-over-year growth for the ninth consecutive quarter.
Quick Commerce Growth
Revenue from the quick commerce business increased by 60%. Focus on optimizing unit economics led to a 50% reduction in per order loss since July-August.
Strategic Investments
Alibaba is making significant investments in AI infrastructure, with a strong emphasis on full-stack AI capabilities and cloud infrastructure expansion.
Consumer Engagement
The Taobao app's monthly active consumers rapidly grew due to quick commerce, with over 100 million daily users on the quick commerce channel.