Zhong Guo Ji Jin Bao·2025-11-25 12:22Core 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][4] - The company continues to invest heavily in AI and cloud services, with Alibaba Cloud's revenue growing by 34% year-on-year, marking a new high [1][6] - The consumer sector shows significant synergy effects, with instant retail driving rapid growth in monthly active users on the Taobao app [1][9] Financial Performance - Revenue for the quarter reached 247.795 billion yuan, surpassing market forecasts [1] - Excluding divested businesses, revenue increased by 15% year-on-year [1] - E-commerce customer management revenue grew by 10% year-on-year, while instant retail revenue surged by 60% [9] AI and Cloud Growth - Alibaba Cloud's revenue accelerated by 34% year-on-year, driven by strong AI demand [7] - AI-related product revenue has seen triple-digit growth for nine consecutive quarters [7] - Alibaba Cloud holds a 35.8% market share in China's AI cloud market as of mid-2025, surpassing the combined share of its next three competitors [7] Consumer Sector Developments - The instant retail business has shown significant improvement in unit economics, with user retention rates increasing and average order prices rising [9] - Approximately 3,500 Tmall brands have integrated their offline stores into instant retail, contributing to a double-digit growth in consumer transactions during the Double 11 shopping festival [9] - The Gaode app achieved a record high of 360 million daily active users in October [9]