3 6 Ke·2025-08-30 17:46Core Viewpoint - Alibaba reported its Q1 2026 earnings, showing a revenue of 247.65 billion RMB, a 2% year-on-year increase, but a decline in operating profit and net profit [1][2]. Financial Performance - Revenue for the quarter ending June 30, 2025, was 247.65 billion RMB, up 2% year-on-year [1][2]. - Operating profit was 34.99 billion RMB, down 3% year-on-year [2][5]. - Non-GAAP net profit was 33.51 billion RMB, a decrease of 18% year-on-year [1][2]. - Adjusted earnings per ADS were 14.75 RMB [1]. Segment Performance - Alibaba's China e-commerce group revenue was 140.07 billion RMB, a 10% increase year-on-year, with e-commerce business revenue at 118.58 billion RMB [1][2]. - The international digital commerce group generated 34.74 billion RMB, a 19% increase year-on-year, driven by strong cross-border business performance [7]. - The cloud intelligence group reported revenue of 33.40 billion RMB, a 26% increase year-on-year, primarily from public cloud business growth [7][8]. Strategic Developments - The company made significant strategic adjustments to enhance user experience, including the integration of Taotian Group, Ele.me, and Fliggy into the Alibaba China e-commerce group [1][2]. - The launch of "Taobao Flash Purchase" service aimed to meet consumer demand for instant delivery across various product categories [5]. - The 88VIP membership program, representing the highest purchasing power consumer group, exceeded 53 million members, continuing to grow at double-digit rates year-on-year [7]. Market Position and Future Outlook - Alibaba's CEO emphasized a focus on consumer and AI + cloud strategies to achieve strong growth, with significant investments in instant retail and cloud services [9]. - The company repurchased 56 million shares for a total of $815 million during the quarter [9]. - As of the report date, Alibaba's stock was trading at 115.7 HKD per share, with a market capitalization of $285.1 billion [9].