Alibaba Financial Report: AI Commercialization Accelerates, Cloud Growth Hits 45% - A New 22-Quarter High
08/20 11:00
On August 20, Alibaba Group released its financial report for the first quarter of fiscal year 2027, highlighting a comprehensive acceleration in AI commercialization: Alibaba Cloud's external commercialization revenue grew by 45%, marking a new high in growth rate over 22 quarters; adjusted EBITA increased by 133% year-on-year, with EBITA profit margin rising to 12%; revenue from AI-related products achieved triple-digit year-on-year growth for the twelfth consecutive quarter, establishing AI as a definitive engine for cloud growth. In the consumer sector, instant retail revenue surged by 45% year-on-year, with Taobao's flash purchase market share remaining stable and user experience continuously improving quarter-on-quarter.
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