On August 20, it was reported that Alibaba (09988.HK) unveiled its quarterly financial results for the period ending June 30, 2026. Group CEO Eddie Wu highlighted the quarter's outstanding performance, attributing it to the continuous enhancement of commercial returns through full-stack AI capabilities. Notably, Alibaba Cloud's external commercial revenue surged by 45%, and AI-related product revenue witnessed triple-digit year-on-year growth for the twelfth consecutive quarter. The newly introduced cutting-edge models in language, programming, video, voice, image, and music domains all ranked among the top performers. Furthermore, the AI productivity platform Qianwen Office, tailored to boost enterprise productivity, was launched. Alibaba's full-stack AI strategy positions it to capitalize on growth opportunities in the artificial intelligence and AI computing power sectors.

Group Chief Financial Officer Toby Xu pointed out that the group achieved robust revenue growth during the quarter, accompanied by improved profit margins in its core businesses. Cloud segment revenue continued to accelerate, with the EBITA profit margin climbing to 12%. Instant retail maintained its market share while optimizing efficiency, and overall e-commerce profits remained steady. As Alibaba unlocks synergies across its core businesses and further commercializes AI technologies, the group will gain enhanced flexibility in strategic and financial resource allocation, enabling continued investment in full-stack AI capabilities.