On August 20, Alibaba Group unveiled its financial performance for the inaugural quarter of the 2027 fiscal year. During the conference call with analysts, Wu Yongming, the CEO of the Group, expressed that the annual recurring revenue (ARR) derived from AI-centric products is projected to come close to US$10 billion in the next quarter. During this quarter, the ARR for these products has already exceeded RMB 49.5 billion (equivalent to US$7.3 billion). Moreover, it is anticipated that the future EBITA profit margin of Alibaba Cloud will witness a sequential quarterly enhancement. Furthermore, the financial data revealed that Alibaba Cloud's external commercial revenue experienced a 45% upswing, representing the highest growth rate observed in 22 quarters.