Yang Guang Wang·2025-11-25 12:07Core Insights - Alibaba Group reported a strong quarterly performance driven by robust AI demand and public cloud revenue growth, with Alibaba Cloud's revenue increasing by 34% year-on-year to 39.824 billion yuan, marking a new high in growth rate [1] - AI-related product revenue has achieved triple-digit year-on-year growth for nine consecutive quarters, showcasing the company's strong position in the AI market [1] - Alibaba Cloud has expanded its full-stack AI capabilities, launching the Qwen3-Max model, which outperforms competitors like GPT-5 and Claude Opus 4, ranking among the top three globally [1] Alibaba Cloud Performance - The company continues to lead in the Chinese AI cloud market, with sustained market share growth in sectors such as government and enterprise, financial cloud, and hybrid cloud [1] - Notable partnerships have been established with global companies like the NBA, Marriott, China UnionPay, and Bosch to accelerate AI implementation [1] Global Expansion - Alibaba Cloud's international business is gaining momentum, operating in 29 regions with 91 available zones as of September 30 [1] - New data centers are being established in Brazil, France, and the Netherlands, indicating a strategic global expansion phase [1] - The Singapore National AI Program has adopted Alibaba's open-source ecosystem to develop a multilingual model for Southeast Asia [1] AI to Consumer Market - Alibaba is extending its AI capabilities to the consumer market with the launch of the "Qianwen" project, aimed at creating a personal AI assistant based on the Qwen3 model [2] - The Qianwen app reached over 10 million downloads within a week of its public beta release [2] - The simultaneous acceleration of public cloud and AI revenue reflects the company's expanding structural advantages in its core sectors [2]