Core Viewpoint - The company has successfully completed the delivery of computing equipment related to its asset purchase announcement and is set to begin business operations soon [1] Group 1: Business Operations - The company confirmed that the computing equipment purchased for 600 million RMB has been mostly delivered [1] - The intelligent computing cloud service construction and operation project is progressing smoothly [1] Group 2: Future Plans - The company plans to leverage the delivered equipment to further develop an intelligent computing cloud cluster and upgrade its business model [1] - There is an intention to expand the "AI + cloud computing" business scale and develop industry-specific large model products and AI intelligent agent products [1] - The company aims to accelerate the implementation of its artificial intelligence strategy and continue its business upgrade and transformation [1]

Transaction Overview - The company plans to purchase servers for a total amount not exceeding RMB 600 million to provide intelligent computing cloud services [1][4] - The transaction does not constitute a major asset restructuring or related party transaction, as it does not exceed 50% of the company's latest audited net or total assets [1][3] Target Asset Information - The target asset is servers intended for intelligent computing cloud services [2] - The ownership of the target asset is clear, with no existing mortgages, pledges, or third-party rights, and no significant disputes or legal actions [2] Board Approval and Other Arrangements - The transaction has been approved by the company's board and supervisory committee, and does not require shareholder approval [3] - The purchase is primarily for supporting AI technology development and expanding the "AI + cloud computing" business [3] Purpose and Impact of the Purchase - The procurement is based on the company's need for AI technology development and aims to enhance its business model and scale in the "AI + cloud computing" sector [3] - The purchase will provide computational support for developing industry-specific large model products and AI intelligent products, marking a significant step in the company's AI strategy [3] Purchase Contract Details - The expected total amount for the purchase is not to exceed RMB 600 million, with payment methods including wire transfer and bank acceptance bills [4] - The contract will become effective upon signing and stamping by both parties, with delivery expected in July 2025 [4]

Core Viewpoint - The article discusses the ongoing debate around the cost-effectiveness and operational viability of integrating DeepSeek into cloud services, highlighting the challenges faced by AI infrastructure providers in balancing costs and service quality [2][3][4]. Group 1: DeepSeek Controversy - The confrontation between Yuan Jinhui of Silicon-based Flow and You Yang of Lucheng Technology centers on the high costs associated with integrating DeepSeek, with You Yang arguing that the service is unreliable and costly for cloud providers [2][3]. - DeepSeek's response claims a theoretical profit margin of 545%, attributing any losses to competitors' technical inadequacies rather than its own service [3][4]. - You Yang estimates that companies integrating DeepSeek could incur monthly losses of up to 400 million yuan due to necessary redundancy in computing power [4]. Group 2: Chinese Cloud Market Dynamics - Alibaba Cloud, despite being a market leader, is criticized for its low profitability and inability to adapt to the evolving demands of the Chinese cloud market, which favors private cloud solutions due to security concerns [8][10][12]. - The shift towards private cloud solutions has resulted in a market structure where IaaS dominates, leading to lower profit margins compared to PaaS and SaaS offerings [15][19]. - The overall growth of the Chinese public cloud market has slowed significantly, with Alibaba Cloud experiencing a drastic drop in growth rate from 50% to 10% [16][18]. Group 3: AI and Cloud Computing - The emergence of AI-driven cloud computing, particularly following the launch of ChatGPT, has created new opportunities for cloud service providers, with companies like Microsoft seeing significant growth in their cloud business due to AI integration [22][24][27]. - Alibaba Cloud has reported a return to 13% growth, driven by AI-related products, indicating a rebound in demand for cloud services fueled by AI advancements [26][27]. - The introduction of DeepSeek has led to a surge in demand from non-internet sectors, with traditional industries seeking to integrate AI capabilities into their operations [28][29]. Group 4: Future of Alibaba Cloud - Alibaba Cloud is positioned uniquely with its self-developed models and cloud infrastructure, aiming to reduce costs and improve efficiency through a fully integrated ecosystem [38][39]. - The company is actively developing new AI models to compete with DeepSeek, indicating a strategic focus on maintaining its leadership in the cloud computing space [40][42]. - The ongoing investment in AI and cloud infrastructure reflects Alibaba's commitment to establishing a robust presence in the evolving cloud market, with AI and cloud computing being central to its future strategy [41][42].