闪购带动淘宝月活买家增25%，阿里加码AI和消费

Core Insights - Alibaba Group reported a 2% year-on-year increase in total revenue for Q1 FY2026, reaching 247.65 billion yuan (approximately 34.57 billion USD), with a 10% growth rate when excluding disposed businesses [1] - The company is focusing on consumer and AI + cloud strategies, with notable performance in instant retail, leading to a 25% year-on-year increase in monthly active consumers on the Taobao app [1] - The net profit attributable to ordinary shareholders was 43.12 billion yuan (approximately 6.02 billion USD), representing a 76% year-on-year increase, driven by positive changes in equity investments and gains from the disposal of the Trendyol local services business [2] Financial Performance - Operating profit for the quarter was 34.99 billion yuan (approximately 4.88 billion USD), with increased investments in "Taobao Flash Sale," user experience optimization, and technology R&D [2] - Adjusted EBITA decreased by 14% year-on-year to 38.84 billion yuan (approximately 5.42 billion USD), but the double-digit revenue growth in Alibaba's China e-commerce group helped mitigate the impact of increased investments [2] - The China e-commerce group's revenue reached 140.07 billion yuan, reflecting a 10% year-on-year growth [2] Business Integration and Strategy - Alibaba completed the integration of Taotian Group, Ele.me, and Fliggy into the "Alibaba China E-commerce Group," simplifying its financial reporting structure [3] - The company reported 300 million monthly active buyers in instant retail as of August, attributing this success to significant investments and the integration of consumer platforms [3] AI and Cloud Investments - Capital expenditures for AI + cloud reached 38.6 billion yuan, a 220% year-on-year increase, with AI becoming a key driver of cloud business growth [4] - Alibaba Cloud revenue grew by 26% year-on-year, marking the highest growth rate in three years, with AI-related product revenue experiencing triple-digit growth for eight consecutive quarters [4] - The International Digital Commerce Group (AIDC) reported a 19% year-on-year revenue increase to 34.74 billion yuan (approximately 4.85 billion USD), with cross-border business contributing significantly [4] Share Buyback Program - The company repurchased 56 million ordinary shares for a total of 815 million USD in the U.S. stock market, with 19.3 billion USD remaining under the authorized buyback plan, which is valid until March 2027 [5]