阿里AI+云收入涨三成 淘宝闪购亏损折半 投入将显著收缩

Core Insights - Alibaba Group reported Q2 FY2026 financial results, showing revenue of 247.8 billion yuan, a 5% year-on-year increase, exceeding market expectations [2] - The company faced short-term profit pressure due to high investments in its "instant retail" business, with operating profit down 85% year-on-year to 5.4 billion yuan and net profit down 53% to 20.6 billion yuan [2] - Significant growth was observed in Alibaba Cloud and instant retail, with cloud revenue increasing by 34% and instant retail revenue rising by 60% year-on-year [2][6] E-commerce Performance - Alibaba's China E-commerce Group generated revenue of 132.6 billion yuan in Q3, a 16% year-on-year increase, driven by effective business collaboration [3] - The core e-commerce segment reported revenue of 102.9 billion yuan, up 9% year-on-year, with customer management revenue increasing by 10% to 78.9 billion yuan [3] Instant Retail Developments - Instant retail revenue reached 229.1 billion yuan, a 60% year-on-year increase, primarily due to growth in the Taobao Flash Sale [5] - The average loss per order for Taobao Flash Sale has been reduced to half compared to July and August, with non-tea drink orders now accounting for over 75% [5] Alibaba Cloud Growth - Alibaba Cloud's revenue surged by 34% to 398.2 billion yuan, marking a record growth rate, with AI-related product revenue showing triple-digit year-on-year growth for nine consecutive quarters [6] - The company is focusing on both AI to B and AI to C strategies, aiming to become a leading full-stack AI service provider [6][7] Future Strategies - Alibaba plans to significantly reduce investments in Taobao Flash Sale in the next quarter, adjusting strategies based on market competition [5] - The company aims to enhance user experience and focus on high-value customers, targeting a trillion yuan in transaction volume over the next three years [5]