Ge Long Hui·2025-08-29 10:19Core Insights - Alibaba's revenue for the quarter ending June 30, 2025, was RMB 247.65 billion (USD 34.57 billion), representing a year-on-year growth of 2% [1] - The company's operating profit decreased by 3% year-on-year to RMB 34.99 billion (USD 4.88 billion), primarily due to a reduction in adjusted EBITA [1] - Net profit attributable to ordinary shareholders increased by 76% year-on-year to RMB 43.12 billion (USD 6.02 billion), driven by changes in the valuation of equity investments and gains from the disposal of the Trendyol local life services business [1] E-commerce Business Performance - E-commerce revenue for the quarter was RMB 118.58 billion, a 9% increase compared to RMB 108.52 billion in the same period last year [2] - Customer management revenue grew by 10%, mainly driven by an increase in Takerate [2] - Instant retail revenue reached RMB 14.78 billion (USD 2.06 billion), up 12% year-on-year, attributed to the launch of the "Taobao Flash Purchase" service [2] Membership and Strategic Focus - The number of 88VIP members, the company's highest purchasing power consumer group, exceeded 53 million, showing double-digit year-on-year growth [3] - AIDC revenue increased by 19% to RMB 34.74 billion (USD 4.85 billion), driven by strong performance in cross-border business [3] - The cloud intelligence group's revenue grew by 26% to RMB 33.40 billion (USD 4.66 billion), primarily due to increased adoption of AI-related products [3] Management Commentary - The CEO emphasized a focus on consumer and AI + cloud strategies, achieving strong growth through significant investments in instant retail [4] - The CFO highlighted robust revenue growth in core businesses, with customer management revenue up 10% and cloud intelligence revenue up 26% [4] - The company is committed to enhancing operational efficiency, with AIDC significantly reducing losses and nearing breakeven [4]