Bei Jing Shang Bao·2025-11-25 11:25Core Viewpoint - Alibaba Group reported a revenue of 247.795 billion yuan for Q2 of fiscal year 2026, reflecting a 15% year-on-year growth after excluding the impact of divested businesses [1] E-commerce Performance - The e-commerce customer management revenue grew by 10% year-on-year in the reported quarter [1] - Instant retail business revenue surged by 60% year-on-year, with improved unit economics since September [1] - The monthly active consumers on the Taobao App increased significantly, supported by approximately 3,500 Tmall brands integrating their offline stores into instant retail by October 31 [1] Cloud Business Performance - Alibaba Cloud's quarterly revenue accelerated with a growth rate of 34% [1] - Revenue from AI-related products achieved triple-digit year-on-year growth for nine consecutive quarters [1]