BABA(US:BABA) 证券时报·2025-06-26 14:15Core Viewpoint - Alibaba Group views AI as the core driver of business growth and a significant opportunity for future development, committing to invest heavily in AI infrastructure and technology advancement to enhance its competitiveness in the global tech landscape [1][3][4]. Financial Performance - For the fiscal year 2025, Alibaba reported total revenue of 996.347 billion yuan, with a net profit increase of 77% to 125.976 billion yuan [1]. - Alibaba Cloud achieved double-digit revenue growth, with AI-related product revenue experiencing three-digit year-on-year growth for seven consecutive quarters [1]. Strategic Focus - The company emphasizes two strategic priorities: "User First" and "AI-Driven" [3]. - The "User First" strategy focuses on enhancing user experience and optimizing the merchant ecosystem in e-commerce [3]. - The "AI-Driven" strategy involves significant investment in AI infrastructure and technology to drive business growth [3][4]. AI Development and Innovation - Alibaba is actively promoting foundational research and innovation in large AI models, having released the Tongyi Qwen 3 model, which ranks highly in global evaluations [3]. - As of April, Alibaba has open-sourced over 200 models, with more than 100,000 derivative models, establishing the largest open-source model family globally [3]. Investment in AI and Cloud Infrastructure - The company plans to invest over 380 billion yuan in cloud and AI hardware infrastructure over the next three years to accelerate AI adoption across various industries [4]. - Strategic partnerships have been formed with leading companies such as BMW and China Unicom to advance AI initiatives [4]. E-commerce Growth - Alibaba's customer management revenue (CMR) grew by 6%, with the 88VIP membership base exceeding 50 million [6]. - The international digital commerce group (AIDC) saw a 33% revenue increase, driven by strong performance in cross-border e-commerce [6]. - Key innovative businesses like 1688, Xianyu, DingTalk, and Quark continue to show steady growth, with Quark's user base surpassing 200 million [6].