Xin Lang Ke Ji·2025-11-25 10:46Core Insights - Alibaba Group reported Q2 FY2026 revenue of 247.795 billion yuan, exceeding market expectations, with a year-on-year growth of 15% after excluding the impact of divested businesses [1] - CEO Wu Yongming emphasized the company's focus on building AI technology and infrastructure platforms, as well as a large consumer platform that integrates lifestyle services and e-commerce, creating long-term strategic value [1] - The strong demand for AI has accelerated the revenue growth of the Cloud Intelligence Group, with quarterly revenue increasing by 34% year-on-year, and AI-related product revenue achieving triple-digit growth for the ninth consecutive quarter [1] Financial Performance - Alibaba Cloud's quarterly revenue grew by 34%, with AI-related product revenue maintaining triple-digit year-on-year growth for nine consecutive quarters [1] - The e-commerce customer management revenue (CMR) increased by 10% year-on-year, while instant retail business revenue surged by 60% [2] - The average order price improved, and user retention rates increased, contributing to the rapid growth of monthly active consumers on the Taobao app [2] Strategic Initiatives - The launch of the Qianwen App aims to strengthen Alibaba's presence in both AI to B and to C markets, achieving over 10 million downloads within a week of public testing [2] - Approximately 3,500 Tmall brands have integrated their offline stores into instant retail as of October 31, enhancing collaborative effects [2] - The Gaode app reached a record high of 360 million daily active users in October, following the launch of the "Gaode Street Ranking" feature [2]