第一财经·2025-06-26 14:59Core Viewpoint - The core viewpoint of the article emphasizes that Alibaba Group is focusing on AI as a key driver for transformation and growth in the next decade, aiming to build leading AI models and a competitive cloud computing network to create a new growth engine through "AI + Cloud" [1][2]. Summary by Sections Financial Performance - In the past fiscal year, Alibaba exited from investments in Gao Xin Retail and Intime Retail, refocusing on its core e-commerce and cloud businesses. The company’s entertainment segment was renamed to Whale Entertainment, with several business units like Whale Entertainment and Amap achieving quarterly profitability [1]. Strategic Focus - Alibaba reiterated two strategic priorities in its shareholder letter: "User First" and "AI Driven." The company aims to integrate "User First" across all internet platform operations and views AI as a core growth driver and a significant opportunity for future development [1]. International Business - The company expressed confidence in achieving quarterly profitability for its overseas e-commerce business in the next fiscal year, despite it being a heavily invested but currently loss-making segment. In FY2025, Alibaba's international digital commerce group reported a 29% year-on-year revenue increase, with an adjusted EBITA loss of 15.137 billion yuan [2]. Partnership Changes - The annual report indicated a reduction in the number of partners, with 9 partners exiting, bringing the total down from 26 to 17. The retired partners include notable figures such as Fang Yongxin and Zhang Yong, with no new partners added. The current partner list mainly consists of key business leaders and technical heads [2]. Entrepreneurial Mindset - The leadership emphasized that Alibaba is adopting an entrepreneurial mindset to embark on a new journey in the AI era, advocating for a zero-based thinking approach similar to that of a startup [2].