2 1 Shi Ji Jing Ji Bao Dao·2025-09-01 09:33Core Insights - Alibaba's stock surged over 18.5%, reaching a new high since March 21, with a market capitalization exceeding 2.6 trillion HKD [2] - The company reported a 10% year-on-year revenue growth and a 76% increase in net profit for Q1 of fiscal year 2026, surpassing market expectations [2] - Cloud business revenue grew by 26% year-on-year, marking a three-year high, while AI-related product revenue has seen triple-digit year-on-year growth for eight consecutive quarters [2] Financial Performance - Overall revenue increased by 10% year-on-year, while net profit rose by 76% [2] - Cloud business revenue growth of 26% year-on-year [2] - Significant investment in AI and cloud, with capital expenditures reaching 38.6 billion CNY, a 220% increase year-on-year [2] Strategic Focus - Alibaba is heavily investing in AI and cloud computing, with over 100 billion CNY spent on AI infrastructure and product development over the past four quarters [2] - The substantial increase in capex reflects the company's commitment to advancing its AI and cloud computing strategy [2]