Mei Ri Jing Ji Xin Wen·2025-09-01 05:01Group 1 - The core viewpoint of the articles highlights Alibaba's strong performance in its cloud business, with a significant revenue growth of 26% year-on-year, marking the highest growth rate in nearly three years [1][2] - Alibaba's capital expenditure (Capex) reached a record high of 38.6 billion yuan, reflecting a year-on-year increase of 220%, which exceeded market expectations [1][2] - The AI-related product revenue has shown remarkable growth, achieving triple-digit year-on-year growth for eight consecutive quarters, indicating a robust demand for AI capabilities [1][2] Group 2 - The cloud computing 50 ETF (516630) has seen active trading, with notable gains in stocks related to data centers and AI servers, driven by the positive sentiment around Alibaba's performance [1] - Analysts from Guosheng Securities suggest that Alibaba is likely to correct the expectations for its cloud services, indicating a preliminary closure in domestic computing power [2] - The future investment plan of Alibaba includes over 380 billion yuan for building cloud and AI hardware infrastructure over the next three years, which is expected to catalyze the domestic AI computing power chain [2]