Zheng Quan Shi Bao·2025-11-25 13:47Core 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][2] - The consumer sector shows significant growth, with instant retail driving rapid increases in monthly active users on the Taobao app [1] Alibaba Cloud Performance - Alibaba Cloud's revenue accelerated by 34% year-over-year, with AI-related product revenue achieving triple-digit growth for the ninth consecutive quarter [1][2] - The company maintains a significant position in China's AI cloud market, holding a 35.8% market share as of mid-2025, surpassing the combined share of its next three competitors [2] - New partnerships with major companies like NBA, Marriott, and China UnionPay highlight Alibaba Cloud's expanding influence in the AI sector [2] Global Expansion - Alibaba Cloud is expanding its global infrastructure, planning new regional nodes in Brazil, France, and the Netherlands, while also launching new data centers in Dubai and Malaysia [3] - The global infrastructure now covers 29 regions and 92 availability zones, indicating a strategic move towards international growth [3] Consumer Sector Growth - E-commerce customer management revenue grew by 10% year-over-year, while instant retail revenue surged by 60%, reflecting 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, showcasing the effectiveness of new features aimed at enhancing user engagement [4]