BABA(US:BABA) Di Yi Cai Jing·2025-05-15 13:28Core Insights - The global AI supply chain faces uncertainties, but customer demand is growing steadily, presenting a historic opportunity for the next 10 to 20 years [1] - Alibaba's overall revenue, excluding certain subsidiaries, grew by 10% year-on-year in the fourth fiscal quarter of 2025 [1] - Alibaba Cloud's revenue increased by 18% in the first quarter, with AI revenue showing triple-digit growth for seven consecutive quarters [1] Group 1: AI Trends and Applications - AI applications are penetrating from internal systems to user-side scenarios in medium and large enterprises, with a growing number of small and medium enterprises also adopting AI products [2] - Traditional industries, such as aquaculture and manufacturing, are actively exploring AI applications alongside faster-adopting sectors like internet, smart vehicles, finance, and online education [2] - Alibaba is confident that the revenue growth rate for Alibaba Cloud will continue to rise in the coming quarters [2] Group 2: E-commerce Developments - AI has significant potential in e-commerce, particularly in enhancing user experience and reconstructing traditional algorithms for search recommendations and advertising [4] - The primary goal for Alibaba's e-commerce business is to stabilize long-term market share, with a notable increase in commercialization rates for platform white-label sellers [4] - Alibaba has upgraded its instant retail service "Hour Delivery" to "Flash Purchase," collaborating with Ele.me and investing over 10 billion in subsidies, which has exceeded growth and efficiency expectations [4] - The high-frequency nature of instant retail is expected to boost user engagement on Taobao, with a long-term vision of integrating "far-field" and "near-field" e-commerce models [4]