Strong Revenue Growth
Overall revenue, excluding Alibaba consolidated subsidiaries, grew 11% year-over-year with AI-related product revenue maintaining triple-digit year-over-year growth for the sixth consecutive quarter.
Cloud and AI Expansion
Cloud business revenue growth accelerated to 13%, driven by public cloud revenue and AI-related products. Alibaba plans to invest more in cloud and AI infrastructure over the next three years than in the past decade.
E-commerce User and Revenue Growth
Taobao and Tmall's CMR grew 9% year-over-year. 88 VIP members reached 49 million, maintaining double-digit growth.
International E-commerce Expansion
International commerce retail business revenue increased by 36%, driven by AliExpress and Trendio, with a focus on improving operating efficiency.
Strategic Divestments and Share Buybacks
Agreements to dispose interests in Senna and Sun Art for up to $2.6 billion. Repurchased $1.3 billion in shares, achieving a 5% net reduction in share count over nine months.
AMAP Profitability
AMAP achieved profitability for the first time, showing improved operating efficiency.