Alibaba's financial report for the first quarter of fiscal year 2026 reveals that it anticipates flash sales and instant retail to contribute an additional RMB 1 trillion in transactions to its platform over the next three years. During this quarter, the company generated revenues of RMB 247.652 billion, marking a 2% increase from the previous year. Notably, Taobao flash sales hit a daily order peak exceeding 120 million, propelling instant retail revenues to RMB 14.778 billion, a 12% year-on-year growth. To bolster its competitive edge, Alibaba invested RMB 50 billion in subsidies for Taobao flash sales and is dedicated to enhancing operational efficiency through optimizing user and order structures, as well as improving fulfillment processes.

Furthermore, Alibaba Cloud witnessed a 26% year-on-year revenue increase, reaching RMB 33.398 billion, with AI-related product revenues achieving triple-digit growth for the eighth consecutive quarter. Alibaba has earmarked RMB 380 billion for investment over the next three years to fortify its cloud and AI infrastructure. The International Digital Commerce Group also saw a revenue surge of 19% year-on-year, amounting to RMB 34.741 billion. However, due to strategic business disposals, revenues in other business segments experienced a 28% year-on-year decline.