PYMNTS.com·2025-08-29 15:17Core Insights - Alibaba Group experienced double-digit year-over-year revenue growth driven by AI-related products, with a reported overall revenue growth of 2% for the quarter ended June 30, which translates to 10% growth when excluding revenue from two divested businesses [2][3] Revenue Growth by Division - Alibaba's cloud division achieved a 26% year-over-year revenue growth, significantly influenced by the rising adoption of AI-related products among its customers [3] - The Alibaba International Digital Commerce Group (AIDC) reported a 19% year-over-year revenue growth, with strong performance in cross-border business and increased monetization opportunities from AI-powered tools [4] - The China E-Commerce Group saw a 10% year-over-year revenue growth, bolstered by increased consumer engagement with the Taobao app following the launch of the Taobao Instant Commerce service [5] - The "all others" segment experienced a 28% year-over-year revenue decline, attributed to the sale of Sun Art and Intime [6] Strategic Focus and Investments - The company is entering a new phase of entrepreneurship by investing in two strategic pillars: consumption and AI + Cloud [3] - Alibaba is streamlining its operations by focusing on core businesses, particularly eCommerce and cloud computing, while divesting non-core operations [7] Ant Group Contribution - Ant Group, in which Alibaba holds an investment, contributed 1.5 billion yuan (approximately $216 million) in profit during the quarter, a decrease from 3.9 billion yuan a year earlier, due to investments in new growth initiatives and a decrease in the fair value of certain investments [7]