Alibaba has unveiled its financial performance for the third fiscal quarter of Fiscal Year 2026, revealing a revenue of RMB 284.84 billion, which represents a 2% increase compared to the same period last year. When excluding the revenue from the divested Intime and Sun Art Retail businesses, the year-on-year growth rate jumps to 9%. Impressively, Alibaba Cloud witnessed a revenue surge of 36%, outperforming Bloomberg's projections. Moreover, revenue from AI-related products continued its remarkable streak, achieving triple-digit growth for the tenth quarter in a row. The net profit attributable to ordinary shareholders stood at RMB 16.322 billion, whereas the overall net profit was RMB 15.631 billion, reflecting a significant 66% year-on-year decline, mainly attributable to a reduction in operating profit. On a non-GAAP basis, the net profit was RMB 16.710 billion, also down by 67% year-on-year.