BABA(US:BABA) Zheng Quan Ri Bao Wang·2025-11-25 13:41Core Insights - Alibaba is focusing on both AI to B and AI to C strategies, aiming to become a leading full-stack AI service provider while also developing AI applications for end-users [1][2] - The company reported a strong revenue growth of 34% in its cloud services, with external commercialization revenue accelerating by 29%, and AI-related product revenue achieving triple-digit year-on-year growth for nine consecutive quarters [1] - Alibaba Cloud has become a key player in the hybrid cloud market, with growth exceeding 20%, and it maintains a leading position in the AI cloud market, surpassing the combined market share of its second to fourth competitors [1] AI Strategy - The launch of the Qwen3-Max model has positioned Alibaba at the forefront of AI technology, with its capabilities in tool utilization being globally competitive [2] - The synergy between AI and Alibaba's ecosystem, including e-commerce, mapping, and local services, is expected to create significant opportunities for future growth [2] - The company aims to leverage the dual focus on AI to B and AI to C to enhance core business synergies, driving sustained growth and reaching new heights [2]