Group 1 - Alibaba announced plans to issue zero-coupon exchangeable bonds totaling approximately HKD 12 billion, maturing in 2032, to fund cloud computing infrastructure and support international e-commerce development [1] - The bonds will reference Alibaba Health's common stock listed on the Hong Kong Stock Exchange, and Alibaba can fulfill its exchange obligations through delivery of Alibaba Health shares, cash, or a combination of both [1] - Even if Alibaba uses all Alibaba Health shares for settlement, it is expected to maintain control over Alibaba Health [1] Group 2 - Alibaba Group reported a revenue of CNY 996.347 billion for the fiscal year 2025, with a net profit growth of 77% to CNY 125.976 billion [2] - Alibaba Cloud achieved double-digit revenue growth in fiscal year 2025, with AI-related product revenue experiencing triple-digit year-on-year growth for seven consecutive quarters [2] - The company plans to invest over CNY 380 billion in the next three years to build cloud and AI hardware infrastructure, aiming to accelerate AI adoption across various industries [2]