Zheng Quan Shi Bao·2025-11-25 18:55Core Insights - Alibaba reported Q2 FY2026 revenue of 247.795 billion yuan, with a 15% year-over-year growth after excluding the impact of divested businesses [2] - The company continues to see strong performance in its AI and cloud sectors, with Alibaba Cloud's revenue growing 34% year-over-year, reaching a new high [2] - AI-related product revenue has achieved triple-digit year-over-year growth for nine consecutive quarters, driven by strong demand in AI and public cloud services [2] Group 1: AI and Cloud Developments - Alibaba Cloud has made significant investments in enhancing its full-stack AI capabilities, launching multiple AI models covering various fields such as language, speech, and vision [2] - According to Omdia, Alibaba Cloud holds a 35.8% market share in China's AI cloud market as of the first half of 2025, with partnerships established with companies like NBA and Bosch [2][3] - The company plans to expand its global infrastructure by establishing new regional nodes in Brazil, France, and the Netherlands, while also activating new data centers in Dubai and Malaysia [3] Group 2: E-commerce Performance - E-commerce customer management revenue (CMR) grew by 10% year-over-year, while instant retail business revenue surged by 60% [4] - The average order value and user retention rates have improved significantly since September, contributing to the growth of monthly active consumers on the Taobao app [4] - Approximately 3,500 Tmall brands have integrated their offline stores into instant retail, leading to a double-digit year-over-year growth in consumer transactions during the Double 11 shopping festival [4]