On August 20, Alibaba (09988.HK) unveiled its quarterly financial results for the period ending June 30, 2026. The report highlighted that revenue from AI cloud and computing power services surged to RMB 48.437 billion during the quarter. Notably, both total revenue and revenue from external customers witnessed a 45% year-on-year increase. This remarkable growth was predominantly fueled by the escalating adoption of AI-related products. Specifically, revenue derived from AI-related offerings soared to RMB 12.376 billion, marking the twelfth consecutive quarter of triple-digit annual growth. Leveraging its comprehensive full-stack AI capabilities, which encompass AI agents, AI models, AI cloud infrastructure, and heterogeneous chip cluster management software, Alibaba Cloud maintains its leading edge in the market. According to Omdia's "China AI Cloud Market Share 2025" report, Alibaba Cloud commands a dominant 38.1% market share in China's AI cloud sector, underscoring its preeminent position in the industry and its pivotal role in propelling the dynamic growth of China's AI cloud market.