第一财经·2025-11-25 13:24Core Viewpoint - Alibaba's latest financial report indicates strong demand for AI services and a strategic shift in investment focus for its flash purchase business. Group 1: Financial Performance - Alibaba released its latest financial report on November 25, along with a conference call to discuss the results [1]. Group 2: AI Demand and Cloud Services - Alibaba's CEO, Wu Yongming, highlighted that the demand for AI from customers remains robust, with the order volume for Alibaba Cloud's AI servers growing at a pace that outstrips the company's ability to deliver [2]. Group 3: Investment Strategy - Alibaba's CFO, Xu Hong, noted that the third quarter represented a peak in investment for the flash purchase business, and a significant reduction in investment is expected in the next quarter due to improved efficiency and stable scale. The company will also adjust its investment strategy dynamically based on market competition [3].