阿里上一财季收入增长10%，净利下降18%：AI收入三位数增长，闪购带动淘宝月活增长25%

Core Insights - Alibaba Group reported Q1 FY2026 revenue of 247.65 billion yuan, a year-on-year increase of 2%, with a 10% growth when excluding the impact of divested businesses [1] - Non-GAAP net profit decreased by 18% to 33.51 billion yuan [1] Group Performance - Core business revenue growth remains strong due to ongoing investments in AI and cloud, as well as consumer sectors [1] - Alibaba Cloud revenue grew by 26% year-on-year, reaching a three-year high [1] - AI-related product revenue has achieved triple-digit year-on-year growth for eight consecutive quarters [1] Consumer Engagement - Instant retail business has shown rapid progress, with the first three weeks of August driving a 25% year-on-year increase in monthly active consumers on the Taobao app [1] - Monthly active consumers and daily order volume for the Chinese e-commerce group continue to reach new highs [1]