8月29日晚间，阿里巴巴集团发布2026财年第一季度财报显示，报告期内，剔除已出售业务影响，集团整体收入同比 增长10%，净利润同比增76%。其中，阿里云收入同比增长26%，AI相关产品收入连续八个季度实现三位数同比增 长。 "在持续强劲的AI需求推动下，云智能集团收入加速增长，AI收入在云外部商业化收入占比显著。"阿里巴巴集团CEO吴 泳铭表示，面向未来，阿里将围绕"大消费"和"AI+云"两大战略重心投入。 此外，据了解，近期阿里巴巴正寻求为明年到期65亿美元银行贷款进行再融资，有关谈判仍在进行中。 收入同比增长 最新发布的财报信息显示，2026财年第一季度（截至2025年6月30日止季度），阿里集团收入达2476.52亿元（人民币）， 同比增长2%；若不考虑高鑫零售和银泰的已处置业务的收入，同口径收入同比增长为10%。 报告期内，集团经营利润达349.88亿元，同比下降3%。阿里财报显示，这主要是由于经调整EBITA（一项非公认会计准 则财务指标）的减少，部分被无形资产摊销、非现金股权激励费用的减少，以及去年同期的一次性计提准备金所抵销。 财报季内，集团归属于普通股股东的净利润为431.16亿元，净利润实 ...

Core Insights - Alibaba's Q1 FY2026 financial report shows a robust revenue growth of 10% year-on-year, with net profit increasing by 76% after excluding the impact of divested businesses [1] - The company is focusing on two strategic pillars: AI + Cloud and Big Consumption, with significant investments planned for the next three years [1][2] AI + Cloud Strategy - Alibaba's capital expenditure (Capex) for AI + Cloud reached a record high of 38.6 billion RMB, representing a 220% year-on-year increase [2] - The revenue from Alibaba Cloud grew by 26%, marking the highest growth rate in three years, driven by strong demand for AI applications [2] - AI-related product revenue has seen triple-digit year-on-year growth for eight consecutive quarters [2][3] - The company has launched eight new AI and cloud data centers globally to meet increasing demand [2] Big Consumption Strategy - The integration of Taotian Group, Ele.me, and Fliggy into Alibaba's China e-commerce group aims to enhance consumer experience across various shopping scenarios [4] - Instant retail business revenue reached 14.784 billion RMB (approximately 2.064 billion USD), a 12% increase from the previous year, largely due to the launch of Taobao Flash Purchase [4] - Monthly active consumers on the Taobao app increased by 25% year-on-year in the first three weeks of August [4] Operational Efficiency - The international digital commerce group reported a 19% year-on-year revenue increase, nearing breakeven [5] - The 88VIP membership program continues to grow, surpassing 53 million members, contributing to a 10% increase in customer management revenue [5]

新浪科技讯 8月29日晚间消息，在2026财年Q1财报分析师电话会上，阿里巴巴集团CEO吴泳铭表示，以 AI+云为核心的科技平台、购物与生活服务融合的大消费平台，是阿里集团面临的两大历史性战略机 遇。阿里巴巴将以驱动业务强劲增长为核心目标，坚定投入未来发展，这也是阿里巴巴发展26年后的再 次创业。 吴泳铭详解了阿里为何在AI+云、消费两大战略领域分别投入3800亿和500亿元，以及两大战略领域要 实现的目标。 这些投入持续收获成效，阿里云实现26%的高速增长，在AI相关收入连续8个季度三位数增长的带动 下，本季度AI收入占外部商业化收入的比例已超过20%。阿里在即时零售领域的投入也快速取得阶段效 果，8月整体即时零售月度活跃买家数达3亿，带动淘宝app 25%的月度活买家数增长，中国电商集团的 日订单量持续突破新高。 在AI领域，吴泳铭表示，"AI技术对所有行业的改变升级以及AI与云计算的深度结合，是未来十年技术 领域最大的行业机会。" 阿里巴巴拥有全球第四、亚洲第一的云，也拥有从AI算力、AI云平台、AI模型、开源生态到AI应用的 全栈技术能力。"本季度，阿里在AI+云的Capex投资达386亿元。过去四个 ...

Core Insights - Alibaba Group reported a 10% year-on-year revenue growth and a 76% increase in net profit for Q1 of fiscal year 2026, exceeding market expectations [1] - The adjusted EBITA decreased by 14% to 38.844 billion yuan, primarily due to investments in "Taobao Flash Sale" and user experience, partially offset by double-digit revenue growth in Alibaba's China e-commerce group [1] Group 1: AI and Cloud Investments - Alibaba has committed to investing 380 billion yuan over the next three years to build cloud and AI hardware infrastructure, with an additional 50 billion yuan allocated for consumer sectors [1][2] - The revenue from Alibaba Cloud grew by 26% year-on-year, reaching a three-year high, driven by the increasing demand for AI applications [1] - Capital expenditures for AI and cloud reached 38.6 billion yuan, reflecting a 220% year-on-year increase, indicating a strong push in AI and cloud computing strategies [1] Group 2: E-commerce and Consumer Growth - The integration of Taotian Group, Ele.me, and Fliggy into Alibaba's China e-commerce group has led to a significant increase in monthly active consumers on the Taobao app, up 25% year-on-year [2] - Instant retail business revenue reached 14.784 billion yuan, a 12% increase compared to the same period last year, attributed to the launch of "Taobao Flash Sale" [2] - Sales and marketing expenses as a percentage of revenue increased from 13.3% to 21.3% year-on-year, driven by investments in user experience and acquisition for the new e-commerce initiatives [2]

作者 | 柴旭晨 编辑 | 周智宇 AI+云和消费两大战略领域，愈发成为阿里的强大压舱石。 8月29日，阿里巴巴集团发布2026财年第一季度财报，剔除已出售业务影响，集团整体收入同比增长 10%；净利润同比增长76%，超市场预期。 阿里核心业务企稳，关键在于对AI+云、消费两大战略领域的投入持续。 据了解，阿里云收入同比增长26%，超过前一季度18%的同比增幅，创三年新高，AI相关产品收入连续 八个季度实现三位数同比增长；即时零售业务快速取得阶段成果，8月前三周带动淘宝app的月度活跃消 费者同比增长25%，中国电商集团的月度活跃消费者和日订单量持续创新高。 2月底，阿里宣布未来三年投入3800亿元建设云和AI硬件基础设施，并于4月底上线即时零售业务，7月 宣布投入500亿元用于消费领域，以把握AI和消费两大战略领域的历史性增长机遇，本季度收获阶段成 效。 "本季度，我们聚焦消费、AI+云的战略，实现强劲增长"。阿里巴巴集团CEO吴泳铭表示，阿里大力投 资即时零售业务赢得消费者心智。"我们通过整合消费平台，产生显著协同效应，带动月度活跃消费者 及日订单量创新高。在持续强劲的AI需求推动下，云智能集团收入加速增 ...

Core Insights - Alibaba Group's CEO, Wu Yongming, emphasized a strong focus on consumer and AI + cloud strategies, leading to robust growth [1] - The company has significantly invested in instant retail, achieving rapid results and winning consumer trust [1] - Integration of consumer platforms has generated notable synergies, resulting in record monthly active consumers and daily order volumes [1] - The cloud intelligence group's revenue has accelerated due to sustained strong demand for AI, with AI revenue significantly contributing to external commercialization income [1] - Looking ahead, the company plans to continue investing in major consumer and AI + cloud strategies to seize historical opportunities for long-term growth [1]

阿里巴巴集团CEO吴泳铭表示："本季度，我们聚焦消费、AI+云的战略，实现强劲增长。在持续强劲 的AI需求推动下，云智能集团收入加速增长，AI收入在云外部商业化收入占比显著。面向未来，我们 将围绕大消费和AI+云两大战略重心继续坚定投入，把握历史机遇，实现长期增长。" 新浪科技讯 8月29日晚间消息，阿里巴巴集团发布2026财年第一季度财报显示，该季度，阿里巴巴实现 营收2476.52亿元，同比增长2%。期内，阿里云收入同比增长26%，创三年新高，AI相关产品收入连续 八个季度实现三位数同比增长。 今年2月底，阿里宣布未来三年投入3800亿元建设云和AI硬件基础设施，并于4月底上线即时零售业 务，7月宣布投入500亿元用于消费领域，以把握AI和消费两大战略领域的历史性增长机遇，本季度收 获阶段成效。 责任编辑：刘万里 SF014 ...

新浪科技讯 8月29日下午消息，阿里巴巴集团发布2026财年第一季度财报，财报显示，该季度实现营收 2476.52亿元，上年同期2432.36亿元，同比增长2%，若不考虑高鑫零售和银泰的已处置业务的收入，同 口径收入同比增长将为10%。 责任编辑：李芊蔚 阿里巴巴集团CEO吴泳铭表示："本季度，我们聚焦消费、AI+云的战略，实现强劲增长。我们大力投 资即时零售业务，快速取得阶段成果，赢得消费者心智。我们通过整合消费平台，产生显著协同效应， 带动月度活跃消费者及日订单量创新高。在持续强劲的AI需求推动下，云智能集团收入加速增长，AI 收入在云外部商业化收入占比显著。面向未来，我们将围绕大消费和AI+云两大战略重心继续坚定投 入，把握历史机遇，实现长期增长。" 本季度，阿里对AI+云的capex投入达386亿元，同比增长220%。本季度，在AI需求高速增长的同时，AI 应用带动传统计算存储类产品的增长，带动阿里云收入同比增长26%，创三年来的最高增速，AI相关产 品收入连续八个季度同比三位数增长。 本季度，淘天集团、饿了么与飞猪完成战略整合，组建阿里巴巴中国电商集团，共建大消费平台，满足 用户对全场景消费体验的需 ...

Market Overview - A-shares experienced a volatile rise in early trading, with the ChiNext Index surging over 3%, reaching a three-and-a-half-year high, while the Shenzhen Component Index, CSI 300, and CSI 500 also hit multi-year highs [1] - The market saw a significant increase in trading volume, with declining stocks outnumbering advancing ones [1] Battery Sector Performance - The battery sector saw a collective surge, with the sector index rising over 6%, marking a two-and-a-half-year high, and half-day trading volume approaching the previous day's total [2] - Notable stocks included Xian Dao Intelligent and Hangke Technology, both hitting the 20% daily limit up, while companies like CATL and Guoxuan High-Tech also saw gains exceeding 10% [2][3] - Sub-sectors such as energy metals, sodium batteries, solid-state batteries, and lithium mining all performed strongly, with several stocks reaching their daily limit or gaining over 10% [3] Hong Kong Market Reaction - Hong Kong battery stocks also rallied, with Tianneng Power surging over 16%, reaching a five-month high, and Jiangxi Copper rising over 12%, nearing an 18-year high [4] Industry Standards and Initiatives - A new standard for solid-state battery specifications has been approved, which aims to unify packaging and size norms, laying a foundation for large-scale industry implementation [7] - The China Chemical and Physical Power Industry Association has issued a draft proposal to promote healthy development in the energy storage sector, focusing on fair competition and innovation [7] - Dongwu Securities highlighted that Chinese lithium battery equipment manufacturers have a significant first-mover advantage in solid-state battery equipment, with some companies successfully integrating the manufacturing process [7] Consumer Sector Trends - The consumer sector showed strong performance, particularly in the liquor industry, with the sector index rising over 2% in early trading [9] - Major liquor brands like Guizhou Moutai and Wuliangye saw significant gains, with all stocks in the sector rising [9][10] - The government has implemented various consumption stimulus measures, including personal consumption loan subsidies, to boost consumer spending [11] - The upcoming Mid-Autumn Festival and National Day are expected to further accelerate sales in the liquor sector, with companies ramping up marketing efforts [11]

Group 1 - The U.S. stock market indices collectively rose, with the Dow Jones and S&P 500 reaching new closing highs, indicating strong performance in large-cap technology stocks [1] - The Federal Reserve Governor Waller supports a 25 basis point rate cut in September, anticipating further cuts in the next 3-6 months unless economic conditions significantly deteriorate [1] Group 2 - The National Development and Reform Commission (NDRC) emphasizes that the next 1-2 years are critical for the implementation of artificial intelligence (AI), aiming for deep integration with six key sectors by 2027 [2] - The NDRC plans to accelerate policy development in areas such as AI and consumption to stimulate market activity and enhance service consumption [2] Group 3 - The NDRC stresses the importance of avoiding disorderly competition in the development of "AI+" and encourages localized strategies based on regional characteristics and resources [3] - Industrial Fulian's market capitalization has surpassed 1 trillion yuan, marking a significant increase of nearly 600% year-to-date [3] Group 4 - The People's Bank of China conducted a net injection of 421.7 billion yuan through reverse repos, indicating liquidity support in the market [5] - The financing balance in the two markets increased by 16.176 billion yuan, reflecting growing investor confidence [5] Group 5 - The market experienced fluctuations around the 3800-point level, with strong buying interest below this threshold, indicating a controlled upward trend [6] - The 510300 ETF's performance is being closely monitored, as it plays a crucial role in stabilizing the market and managing the pace of the index's rise [6][8]