Alibaba Financial Report: AI Commercialization Accelerates, Cloud Growth Hits 45% - A 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: external commercial revenue from Alibaba Cloud grew by 45%, marking a 22-quarter high; 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 solid and user experience (UE) showing continuous improvement month-on-month.
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