智通财经网·2025-09-17 05:48Core Viewpoint - Alibaba Group has successfully issued approximately $3.2 billion in zero-coupon convertible senior notes due in 2032, with the net proceeds aimed at enhancing its cloud infrastructure and international business operations [1][1][1] Financial Performance - Alibaba Cloud reported a significant year-on-year revenue increase of 26% to 33.398 billion yuan in the latest quarter, marking the highest growth in nearly three years [1][1] - AI-related product revenue has seen triple-digit year-on-year growth for eight consecutive quarters, now accounting for over 20% of external commercialization revenue [1][1] Investment and Strategy - The company has invested a record 38.6 billion yuan in AI and cloud capital expenditures during the reporting period, contributing to a total investment exceeding 100 billion yuan in AI infrastructure and product development over the past four quarters [1][1] - The acceleration of cloud business growth indicates steady progress in the commercialization of AI, with substantial infrastructure investments reinforcing the company's technological moat [1][1]