BABA(US:BABA) Feng Huang Wang·2025-06-26 11:58Core Insights - Alibaba Group reported total revenue of RMB 996.35 billion (approximately USD 137.3 billion) for the fiscal year ending March 31, 2025, representing a 6% increase year-over-year, driven by strong performance in core e-commerce and accelerated growth in cloud intelligence [1] - The net profit for the group reached RMB 125.98 billion (approximately USD 17.36 billion), a significant increase of 77% year-over-year, reflecting improvements in operational efficiency and capital allocation [1] Business Segment Performance - The core engine, Taotian Group, generated revenue of RMB 449.83 billion (approximately USD 61.99 billion), a 3% increase year-over-year, with customer management revenue in China's retail business growing by 6% [2] - Alibaba International Digital Commerce Group saw impressive performance with revenue of RMB 132.3 billion (approximately USD 18.23 billion), a 29% increase year-over-year, driven by strong results from cross-border and regional retail platforms [2] - Cloud Intelligence Group, a strategic focus, reported revenue of RMB 118.03 billion (approximately USD 16.27 billion), an 11% increase year-over-year, with public cloud revenue accelerating due to growing AI demand [2] - Cainiao Group generated revenue of RMB 101.27 billion (approximately USD 13.96 billion), a 2% increase year-over-year, benefiting from growth in cross-border logistics solutions [3] - Local Life Group reported revenue of RMB 67.08 billion (approximately USD 9.24 billion), a 12% increase year-over-year, with significant narrowing of losses due to improved operational efficiency [3] Capital Management and Strategic Focus - Alibaba demonstrated strong cash flow generation and commitment to shareholder returns, distributing a total of USD 4.6 billion in dividends and repurchasing USD 11.9 billion of shares, reducing total share capital by 5.1% [3] - The company plans to focus on e-commerce and "AI + Cloud" as its two core areas, with significant investments in cloud and AI hardware infrastructure over the next three years, exceeding the total of the past decade [4] - Alibaba's leadership emphasized the need for a startup mentality to embark on a new journey towards the AI era [4]