上周，千问App公测版正式发布，标志着阿里巴巴开始在AI to B与AI to C两个方向齐发力。千问App公 测版上线一周，新下载量已超过1000万。 吴泳铭指出，一方面，Qwen3-Max的模型智能水平、工具调用能力都已达到全球领先，另一方面，AI 和阿里巴巴电商、地图、本地生活等业务生态的协同是更大的想象力。基于AI模型和阿里巴巴生态优 势，千问App有望率先打造未来的AI生活入口。因此在AI to B加速增长的同时，做出了全力入局AI to C 的战略决定。 "AI to B和AI to C齐发力，将激发核心业务产生更大的协同效应，成为驱动阿里巴巴持续增长、迈向新 高度的动能引擎。"吴泳铭说。 新京报贝壳财经讯（记者程子姣）11月25日，在阿里巴巴财报分析师电话会上，阿里巴巴集团CEO（首 席执行官）吴泳铭分享了AI（人工智能）战略最新进展，阿里巴巴正在AI to B（面向企业的人工智 能）和AI to C（面向消费者的人工智能）两大方向齐发力——在AI to B领域，做世界领先的全栈AI服 务商，服务千行百业不断增长的AI需求；在AI to C领域，基于性能领先的AI模型和阿里巴巴生态优 势，打造面 ...

11月25日，阿里巴巴集团发布2026财年第二季度财报，集团收入2477.95亿元，剔除已出售业务影响，收入同比增长15%。 其中，对AI+云、消费两大战略领域的投入持续收获成效，核心业务强劲增长：阿里云季度收入同比加速增长34%，再创新高；大消费平台协同效应显 著，即时零售带动淘宝App月活跃消费者快速增长。 阿里巴巴集团CEO吴泳铭表示："我们正处于投入阶段，构建AI技术和基础设施平台，以及生活服务与电商结合的大消费平台，创造长期战略价值。本季 度，我们在这些领域大力战略投入，AI+云、大消费两大核心业务保持强劲增长。旺盛的AI需求推动云智能集团收入进一步加速，季度收入同比增长 34%，其中AI相关产品收入连续第九个季度实现三位数增长。在消费领域，即时零售规模扩大、单位经济效益显著改善，带动淘宝App月活跃消费者实 现快速增长。" 阿里云同比增长34% 在强劲的AI需求推动和公共云收入增长带动下，阿里云季度收入继续加速增长34%，AI相关产品收入连续9个季度实现三位数同比增长。 财报显示，阿里云持续投入全栈AI能力提升。云栖大会期间，阿里云发布从AI基础模型到高性能AI基础设施再到AI开发框架的全栈AI升 ...

Core Insights - Alibaba's CEO, Wu Yongming, stated that the demand for Alibaba Cloud's AI servers is currently very strong, indicating a significant growth potential in the future [1] Group 1: Demand and Supply Dynamics - The pace of new AI server launches by Alibaba Cloud is severely lagging behind the growth rate of customer orders [1] - The backlog of orders for Alibaba Cloud is continuously expanding, suggesting a robust demand that is not being met [1] - The company remains optimistic about future AI demand, reflecting confidence in ongoing growth opportunities [1]

Core 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].

Retail Earnings - Several retail giants reported earnings, providing insights into consumer behavior ahead of Black Friday [1] - Kohl's shares increased by over 22% after an earnings beat and the announcement of Michael Bender as the permanent CEO [5] - Abercrombie & Fitch shares surged 18% in premarket trading due to stronger-than-expected results, particularly from its Hollister brand [5] - Dick's Sporting Goods shares fell more than 3% after announcing plans to close some Foot Locker stores to improve profits [5] - Best Buy exceeded Wall Street expectations and raised its sales guidance, resulting in a 2.5% increase in shares [5] - Alibaba reported revenue growth in the fiscal second quarter, driven by a boom in cloud sales, with U.S.-listed shares gaining over 3% [5] AI and Technology Investments - Amazon announced significant investments in AI infrastructure for its cloud business aimed at U.S. government customers, expected to begin in 2026 [6][7] - The project will add approximately 1.3 gigawatts of capacity and provide government clients access to Anthropic's Claude models and Nvidia chips [7] - Amazon also introduced a service allowing businesses to test its internet-from-space initiative, Leo, which competes with SpaceX's Starlink [7] NHL Franchise Valuations - The average NHL franchise value increased by 15% to $2.2 billion, driven by higher media rights deals [8] - The Toronto Maple Leafs' valuation reached $4.3 billion, an 8% increase from the previous year, while the New York Rangers rose by 9% to $4.8 billion [9] Microsoft Data Center Plans - Microsoft faced community opposition to a proposed data center in Caledonia, Wisconsin, leading to the cancellation of the project [10]

Alibaba’s latest earnings report shows the Chinese tech megacap leaning hard into the two engines that management believes will define its future — namely, "instant commerce" and AI. And those bets are starting to pay off. For the quarter ended September 30, Alibaba reported 15% revenue growth over last year, excluding its divested retail operations — making for one of its strongest showings in recent memory. The company credited growth in consumer activity and its expansion into one-hour delivery, a much ...

Financial Performance - Total revenue increased by 5% year-over-year to RMB 247795 million for the quarter ended September 30, 2025[10] - Income from operations decreased significantly by 85% year-over-year to RMB 5365 million[10] - Adjusted EBITA decreased by 78% year-over-year to RMB 9073 million[10] - Net loss from free cash flow was RMB 21840 million, compared to a positive free cash flow of RMB 13735 million in the same quarter of 2024[10] Segment Performance - Alibaba China E-commerce Group revenue increased by 16% year-over-year[7] - Alibaba International Digital Commerce Group (AIDC) revenue increased by 10% year-over-year[7] - Cloud Intelligence Group revenue increased significantly by 34% year-over-year[7] - All Others segment revenue decreased by 25% year-over-year[25] Business Highlights - Quick commerce revenue increased by 60%, driven by order growth from "Taobao Instant Commerce"[31] - Customer management revenue increased by 10% year-over-year, driven by improved take rate[8] - The company repurchased 17 million ordinary shares (equivalent to approximately 2 million ADSs) for a total of US$253 million[14]

在强劲的AI需求推动和公共云收入增长带动下，阿里云季度收入继续加速增长34%，AI相关产品收入连 续9个季度实现三位数同比增长。 【环球网财经综合报道】11月25日，阿里巴巴集团发布2026财年第二季度财报，集团收入2477.95亿 元，超市场预期，剔除已出售业务影响，收入同比增长15%。对AI+云、消费两大战略领域的投入持续 收获成效，核心业务强劲增长：阿里云季度收入同比加速增长34%，再创新高；大消费平台协同效应显 著，即时零售带动淘宝App月活跃消费者快速增长。基于对未来的发展信心，阿里将在两大战略方向上 持续投入，驱动长期增长。 阿里巴巴集团CEO吴泳铭表示："我们正处于投入阶段，构建AI技术和基础设施平台，以及生活服务与 电商结合的大消费平台，创造长期战略价值。本季度，我们在这些领域大力战略投入，AI+云、大消费 两大核心业务保持强劲增长。旺盛的AI需求推动云智能集团收入进一步加速，季度收入同比增长34%， 其中AI相关产品收入连续第九个季度实现三位数增长。在消费领域，即时零售规模扩大、单位经济效 益显著改善，带动淘宝App月活跃消费者实现快速增长。" 阿里云强劲增长 34% ， AI 收入连续 9 ...

Alibaba reported stronger-than-expected revenue for its fiscal second quarter, driven by accelerating growth in its cloud computing division and rising demand for artificial intelligence services. The... ...

Core Insights - Alibaba Group reported Q2 FY2026 revenue of 247.795 billion yuan, with a 15% year-on-year growth after excluding the impact of divested businesses [2] - The company continues to invest in AI and cloud services, with Alibaba Cloud's quarterly revenue accelerating by 34% year-on-year, reaching a new high [2] - The CEO emphasized the focus on building AI technology and infrastructure, as well as a large consumer platform that integrates life services and e-commerce [2] Financial Performance - Alibaba Cloud's revenue growth is driven by AI demand and public cloud revenue, achieving three-digit year-on-year growth in AI-related products for nine consecutive quarters [2] - E-commerce customer management revenue (CMR) grew by 10% year-on-year, while instant retail business revenue surged by 60% [3] - The average order value has increased, and user retention rates have improved, contributing to the growth of monthly active consumers on the Taobao App [3] Strategic Developments - The launch of the Qianwen App aims to strengthen Alibaba's presence in both AI to B and to C markets, with over 10 million downloads in its first week of public testing [3] - Approximately 3,500 Tmall brands have integrated their offline stores into instant retail, leading to significant growth during the Double 11 shopping festival [4] - The introduction of the "Gaode Street Ranking" by Gaode aims to create a new offline service credit system based on user behavior and credit [4] Market Position - According to Omdia, Alibaba Cloud held a 35.8% market share in China's AI cloud market as of the first half of 2025, surpassing the combined share of the second to fourth competitors [2] - Recent partnerships with NBA, Marriott, China UnionPay, and Bosch highlight Alibaba Cloud's growing influence in the AI collaboration space [2]