智通财经网·2025-10-29 08:29Core Viewpoint - Alibaba-W (09988) is positioned as a leading player in the domestic e-commerce and cloud computing sectors, leveraging AI as a core driver to solidify its competitive advantage and unlock long-term growth potential [1] Group 1: Strategic Focus - The company is shifting its strategic focus from diversified expansion back to core business areas, enhancing competitiveness in response to changing consumer environments and market competition [2] - Alibaba plans to invest over 380 billion yuan cumulatively in AI and cloud infrastructure from fiscal years 2025 to 2027, accelerating the deep application and industrialization of AI technology in e-commerce and cloud computing [2] Group 2: E-commerce Growth - The company has restructured into four main departments, integrating Ele.me and Taobao Flash Purchase into an instant retail business, which will complement long-distance e-commerce [3] - The restructuring aims to maximize business synergy, with the expectation that cross-selling from instant retail will contribute 2-3% to CMR revenue in Q3 2025, and potentially 5-10% in the long term [3] Group 3: Cloud Valuation and AI Integration - AI is driving a new technological cycle, with leading cloud providers benefiting from advantages in funding, data, application scenarios, and engineering talent [4] - Alibaba Cloud's comprehensive layout, which includes foundational AI infrastructure, model platforms, and upper-layer applications, enhances its pricing power in AI PaaS services, indicating significant profit potential in AI and cloud integration [4]