BABA(US:BABA) 新华网财经·2025-06-27 02:22Core Viewpoint - Alibaba Group's 2025 fiscal year report highlights significant changes in its partner structure, with a reduction in the number of partners from 26 to 17, indicating a shift towards a younger and more business-focused leadership team [1][3]. Group 1: Partner Structure Changes - The number of Alibaba partners decreased from 26 to 17, with nine individuals exiting the partnership, some of whom are no longer in frontline roles or have left the company entirely [1][3]. - The current partner group is younger and more focused on core business operations, with the youngest partner being 39-year-old Jiang Fan, CEO of the e-commerce business group [3][4]. - Long-term partners, such as Jack Ma and Joe Tsai, will remain until they reach 70 years of age or under specific circumstances [3][4]. Group 2: Financial Performance - For the 2025 fiscal year, Alibaba reported revenues of 996.347 billion yuan, with a net profit increase of 77% to 125.976 billion yuan [5]. - The company saw strong performance in its cross-border business, with the international digital commerce group's revenue growing by 29% year-on-year [5]. - Alibaba's cloud business, driven by AI demand, experienced accelerated growth, with public cloud revenue increasing and AI-related product revenue achieving triple-digit growth for seven consecutive quarters [5][6]. Group 3: Future Strategy - Alibaba's leadership emphasizes the importance of AI as a core driver of transformation over the next decade, focusing on "AI + Cloud" as key business areas [5][6]. - The company aims to build leading AI models and a globally competitive cloud computing network to capitalize on growth opportunities [6]. - Alibaba is committed to adopting a startup mentality to seize opportunities in the AI era, reinforcing its focus on innovation and creation [6].