阿里巴巴，重磅发布

Core Insights - Alibaba Group reported significant growth driven by AI in its fiscal year 2025 Q4 and full-year earnings, with a focus on AI and cloud as new growth engines [3][4][5] Financial Performance - For Q4 2025, Alibaba's revenue reached RMB 2364.54 billion (USD 325.84 billion), a year-on-year increase of 7% [5] - Operating profit for Q4 was RMB 284.65 billion (USD 39.23 billion), up 93% year-on-year [5] - Net profit attributable to ordinary shareholders for Q4 was RMB 123.82 billion (USD 17.06 billion), with a net profit of RMB 119.73 billion (USD 16.50 billion), reflecting a 1203% increase year-on-year [5] - For the full fiscal year 2025, total revenue was RMB 9963.47 billion (USD 1373.00 billion), a 6% increase year-on-year [5] - Full-year operating profit was RMB 1,409.05 billion (USD 194.17 billion), a 24% increase year-on-year [5] - Full-year net profit attributable to ordinary shareholders was RMB 1294.70 billion (USD 178.41 billion), with a net profit of RMB 1259.76 billion (USD 173.60 billion), a 77% increase year-on-year [5] AI and Cloud Growth - Alibaba Cloud revenue grew by 18% year-on-year, with external revenue increasing by 17% [6] - AI-related product revenue has achieved three-digit year-on-year growth for seven consecutive quarters [6] - The company plans to invest over RMB 3800 billion in cloud and AI hardware infrastructure over the next three years to meet growing AI demand [6] Strategic Focus - CEO Wu Yongming emphasized a "user-first, AI-driven" strategy that has led to accelerated growth in core businesses [4] - The company is focusing on AI and cloud as core business growth areas for the fiscal year 2026, aiming to create a second growth curve driven by technology [4] - AI applications are expanding from large enterprises to small and medium-sized businesses, with significant demand growth in traditional industries [4][6] Business Segments Performance - Taobao and Tmall have seen strong user growth, with "88VIP" membership exceeding 50 million [7] - The international digital commerce group reported a 22% year-on-year revenue increase driven by strong cross-border business performance [7]