Zheng Quan Shi Bao Wang·2025-11-25 12:17Core Insights - Alibaba Group reported Q2 FY2026 revenue of 247.795 billion yuan, with a 15% year-over-year growth after excluding the impact of divested businesses [1] - The company continues to invest heavily in AI and cloud services, with Alibaba Cloud achieving a record 34% year-over-year revenue growth, driven by strong AI demand [1] - The consumer sector shows significant growth, with instant retail driving rapid increases in monthly active users on the Taobao app [1] Group 1: Financial Performance - Alibaba Group's revenue for Q2 FY2026 reached 247.795 billion yuan, reflecting a 15% year-over-year growth when excluding divested businesses [1] - Alibaba Cloud's revenue accelerated by 34% year-over-year, marking a new high, with AI-related product revenue achieving triple-digit growth for the ninth consecutive quarter [1][2] Group 2: AI and Cloud Strategy - Alibaba Cloud is enhancing its full-stack AI capabilities, launching multiple AI models across various fields during the Cloud Summit [2] - The company holds a significant position in China's AI cloud market, with a projected market share of 35.8% by mid-2025, surpassing the combined share of its closest competitors [2] - Alibaba Cloud is expanding its global infrastructure, with new regional nodes planned in Brazil, France, and the Netherlands, and has launched new data centers in Dubai and Malaysia [3] Group 3: Consumer Sector Growth - E-commerce customer management revenue grew by 10% year-over-year, while instant retail revenue surged by 60%, indicating improved unit economics and user retention [4] - Approximately 3,500 Tmall brands have integrated their offline stores into instant retail, contributing to significant growth during the Double 11 shopping festival [4] - The Gaode app achieved over 360 million daily active users, reflecting strong engagement and the introduction of new services [4]