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Core Viewpoint - Alibaba's Q1 financial results demonstrate strong performance in its core e-commerce and cloud computing sectors, with net profit significantly exceeding market expectations, leading to a surge in stock prices [1][3]. Financial Performance - Alibaba reported Q1 revenue of 247.65 billion RMB, with a net profit of 43.1 billion RMB, surpassing analyst estimates of 28.5 billion RMB. Revenue grew by 2% year-on-year, while net profit saw a substantial increase of 78% [3]. Cloud Computing Growth - Cloud computing emerged as a highlight, with Alibaba Cloud revenue reaching 33.4 billion RMB, a year-on-year increase of 26%, accelerating from 18% growth in the previous quarter. AI-related product revenue is becoming a significant part of external customer income [5]. E-commerce Stability - The e-commerce segment showed steady growth, with overall revenue increasing by 10% to 19.6 billion RMB. Customer management revenue (CMR) also grew by 10%, indicating ongoing improvements in merchant empowerment [7]. Innovation in Retail - Alibaba is exploring new growth avenues in new retail and instant retail, launching an "instant retail" feature that offers one-hour delivery for specific products. This innovation contributed to a 12% year-on-year revenue increase in this segment, with expectations of adding 1 trillion RMB in annual GMV over the next three years [7]. International Expansion - Alibaba's international e-commerce segment saw a 19% year-on-year revenue increase, with platforms like AliExpress performing well. The company is focused on enhancing logistics, payment systems, and service quality to improve the shopping experience for international consumers [9].