财经观察丨一份阿里财报里的“旧人”和“新势”

Group 1 - Alibaba Group reported a revenue of 996.347 billion yuan for the fiscal year 2025, with a net profit increase of 77% to 125.976 billion yuan [1] - Driven by AI demand, Alibaba Cloud achieved double-digit revenue growth, with AI-related product revenue growing threefold year-on-year for seven consecutive quarters [1] - The international digital commerce group saw a revenue increase of 29% year-on-year, highlighting strong performance in cross-border business [1] Group 2 - The company plans to invest over 380 billion yuan in cloud and AI hardware infrastructure over the next three years to accelerate AI adoption across various industries [1] - The international digital commerce group generated 132.3 billion yuan in revenue, driven by strong performance from platforms like AliExpress, Trendyol, and Lazada [2] - Cainiao Group's revenue reached 101.272 billion yuan, growing by 2%, primarily due to the expansion of cross-border logistics solutions [2] Group 3 - The flagship AI application, Quark, saw its user base grow significantly, surpassing 200 million monthly active users by the end of fiscal year 2025 [3] - Alibaba repurchased shares worth 11.9 billion USD during the fiscal year, reducing the total share capital by 5.1%, thereby enhancing earnings per share [3] - The annual report disclosed changes in partnership, with nine individuals exiting the partner list, including notable figures like Dai Shan and Peng Lei [3]