Ge Long Hui·2025-09-01 01:37Core Insights - Alibaba's stock opened 14.95% higher, reaching HKD 133, marking a new high since March; in the US market, Alibaba's stock rose 12.9% last Friday, closing at USD 135, which translates to HKD 131.53 per share [1] Financial Performance - For the second quarter, Alibaba reported a Non-GAAP net profit decline of 18% year-on-year; however, its core business demonstrated strong resilience with cloud business revenue growing 26% year-on-year, reaching a three-year high [1] Business Developments - Taobao's flash sales emerged as the biggest highlight driving user growth [1] - Over the past four quarters, Alibaba has invested more than CNY 100 billion in AI infrastructure and product development [1] - Reports indicate that Alibaba is developing a more powerful new chip to fill the gap left by NVIDIA's sales challenges in China [1]