Core Insights - Alibaba Group reported Q2 FY2026 revenue of 247.795 billion yuan, exceeding market expectations, with a 15% year-over-year growth after excluding divested businesses [1] - The company continues to invest in AI and cloud, as well as consumer sectors, driving long-term growth [1] Group 1: Financial Performance - Alibaba's revenue for the quarter reached 247.795 billion yuan, surpassing market forecasts [1] - Core business growth was strong, with Alibaba Cloud's revenue accelerating by 34% year-over-year, marking a new high [1] - AI-related product revenue has seen triple-digit growth for nine consecutive quarters [1] Group 2: AI and Cloud Developments - Alibaba Cloud is enhancing its full-stack AI capabilities, launching multiple AI models across various domains [2] - The company holds a 35.8% market share in China's AI cloud market, surpassing the combined share of its next three competitors [2] - Recent partnerships with major companies like NBA and Marriott highlight Alibaba Cloud's growing influence in the AI sector [2] Group 3: Consumer Business Growth - E-commerce customer management revenue grew by 10% year-over-year, while instant retail business revenue surged by 60% [3] - The average order value and user retention rates have improved significantly since September, contributing to the growth of active users on the Taobao app [3] - Approximately 3,500 Tmall brands have integrated their offline stores into instant retail, enhancing the overall consumer experience [3]

与此同时，阿里云的海外业务呈现加速势头。截至9月30日，阿里云在全球29个地区运营着91个可 用区，并宣布在巴西、法国和荷兰新建数据中心。其全球化布局正步入收获期，新加坡国家人工智能计 划亦采用其开源生态构建东南亚多语言大模型。 同时，阿里巴巴正将AI能力延伸至AI To C市场。上周启动的"千问"项目，旨在基于Qwen3模型打 造个人AI助手，其App公测版已上线。千问APP上线一周即突破1000万下载。 央广网深圳11月25日消息（记者 殷雨婷）11月25日晚间，阿里巴巴集团发布最新季度财报。受持 续强劲的AI需求与公共云收入增长驱动，阿里云季度营收同比增长34%至398.24亿元，增速再创新高。 其中，AI相关产品收入已连续九个季度实现三位数同比增幅。 财报显示，本季度阿里云持续加码全栈AI能力，从前沿AI基础模型到高性能AI基础设施形成完整 技术体系。最新发布的Qwen3-Max模型，性能超过GPT5、Claude Opus 4等，跻身全球前三。 在中国AI云市场，阿里云继续保持领先。同时，全栈AI优势放大增长势能，带动公共云持续增 长。阿里云在政企市场、金融云、混合云等领域均有持续份额提升。该季度， ...

综合自智通财经 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。" ...

Group 1 - Alibaba Group reported a quarterly revenue growth of 34% for Alibaba Cloud, reaching 39.824 billion yuan, driven by AI demand and public cloud revenue growth, marking a record high in growth rate [1] - AI-related product revenue has achieved triple-digit year-on-year growth for nine consecutive quarters, solidifying Alibaba Cloud's leading position in the AI cloud market, with its market share exceeding the combined total of the second to fourth competitors [1] - The latest Qwen3-Max model has outperformed competitors like GPT-5 and Claude Opus 4, ranking among the top three globally, establishing full-stack AI technology as a key competitive advantage for Alibaba Cloud [1] Group 2 - Alibaba Cloud continues to enhance its full-stack AI capabilities, developing a complete technical system from cutting-edge AI foundational models to high-performance AI infrastructure [1] - The company has seen continuous market share growth in various sectors, including government and enterprise markets, financial cloud, and hybrid cloud [1] - Alibaba Cloud has formed AI partnerships with globally recognized companies such as the NBA, Marriott, China UnionPay, and Bosch, accelerating the implementation of AI at scale [1] Group 3 - Alibaba Cloud's international business is gaining momentum, operating 91 availability zones across 29 regions globally, with new data centers announced in Brazil, France, and the Netherlands [1] - The global expansion strategy is entering a harvest phase, with Singapore's national AI plan adopting its open-source ecosystem to build a multilingual model for Southeast Asia [1] - The company is also extending its AI capabilities to the AI-to-C market, launching the "Qianwen" project to create a personal AI assistant based on the Qwen3 model, which has already surpassed 10 million downloads within a week of its public beta release [2]

Core Insights - Alibaba's core business revenue continues to show strong growth, with AI revenue increasing its share in external cloud commercialization [1] - Customer management revenue has grown by 10% year-on-year [1] - The company is investing profits and free cash flow into future initiatives, anticipating short-term fluctuations in profitability [1] - Over the past four quarters, Alibaba's capital expenditure on AI and cloud infrastructure has reached approximately 120 billion RMB [1]

阿里巴巴集团发布2026财年第二季度财报，对AI+云、大消费两大战略领域的投入持续收获成效，核心 业务加速增长：阿里云收入同比强劲增长34%，AI相关产品收入连续9个季度实现同比三位数增长；即 时零售业务同比增长60%，留存率和客单价双双提升，UE显著改善，业务规模扩大，带动淘宝App月活 跃消费者快速增长。 ...

蚂蚁集团季度利润同比增长 10.3%，达 83.7 亿元人民币。 IT之家 11 月 25 日消息，阿里巴巴公布第二季度财报，财报显示阿里巴巴第二季度营收 2,478.0 亿元人 民币，同比增长 4.8%，预估 2,452 亿元人民币；第二季度调整后每 ADS 收益 4.36 元人民币，预估 6.34 元人民币；第二季度中国电商事业集团收入 1,325.8 亿元人民币；调整后净利润 103.5 亿元人民币，预 估 168 亿元人民币。 阿里巴巴表示，AI + 云与消费两大核心业务本季度持续实现强劲增长。第二季度云智能集团收入 398.2 亿元人民币，同比增长 34%，预估 379.9 亿元人民币。AI 相关产品收入连续 9 个季度实现三位数同比 增长。 IT之家注意到，阿里巴巴美股盘前涨 3%。 ...

Core Insights - Alibaba showcased its AI technology applications at the World Artificial Intelligence Conference, highlighting advancements in its cloud computing division which contributed to better-than-expected revenue in the fiscal second quarter [1] Financial Performance - Alibaba reported revenue of 247.8 billion Chinese yuan ($34.8 billion) for the fiscal second quarter, exceeding LSEG estimates of 242.65 billion yuan, marking a 5% year-on-year increase [1] - The cloud computing division saw a significant 34% year-on-year rise in revenue, reaching 39.8 billion yuan, surpassing expectations of 37.9 billion yuan and outpacing the 26% growth recorded in the previous quarter [2] Investment and Development - The company plans to increase spending on AI models and infrastructure development, building on a previously announced investment of 380 billion yuan ($53 billion) over three years [3] - Alibaba's Qwen app, a competitor to OpenAI's ChatGPT, achieved over 10 million downloads within its first week of launch, powered by Alibaba's AI models [3] Market Strategy - Alibaba is heavily investing in the instant commerce market, which focuses on super-fast delivery of certain items, although this investment has impacted the overall profitability of the business [4]

转自：新华财经 近日，在全球最权威的存储系统性能评测IO500榜单上，京东云海跻身榜单全球前四、国产自研第一。 由此，京东云海存储成为全球最大规模基于国产CPU的AI存储技术应用，也是目前全球性能最强的基于 通用NVMe架构的AI存储。 一、极致存储性能，斩获多项全球第一 面向未来，京东云将持续投入自研存储系统的深度优化，推动高性能存储在 AI 模型训练、科学计算、 大规模数据分析等场景中的更广泛应用，助力更多企业重塑AI生产力。 编辑：王菁 云海为京东云全自研存储，代码自研率超98%，拥有完全自主知识产权，与主流国产化硬件和软件兼容 互认，包括操作系统、数据库、中间件、服务器、CPU、主板、网卡、SSD等，并基于全局无锁架构， 充分发挥国产硬件能力。 二、超100家大型企业选择云海AI存储，加速AI落地产业 目前，来自银行、证券、汽车、零售等领域超100家大型企业，正在使用云海AI存储。 在科技领域，科大讯飞AI营销采用"开源分布式存储软件+服务器硬件"搭建，对十亿级小文件数据量 时，读写性能陡然下降。升级京东云AI存储云海后，科大讯飞AI营销实现了一个集群一个文件系统， 即可轻松应对多模态大模型时千亿～十 ...

Core Insights - Alibaba Group has entered an investment phase focusing on AI technologies and infrastructure, leading to strong growth in its AI + Cloud and consumption businesses, with Cloud Intelligence Group revenue up 34% and AI-related product revenue achieving triple-digit growth for the ninth consecutive quarter [2][3] Financial Performance - For the quarter ended September 30, 2025, Alibaba reported revenue of RMB247,795 million (US$34,808 million), a 5% year-over-year increase, with a like-for-like growth of 15% excluding disposed businesses [4][23] - Income from operations decreased by 85% year-over-year to RMB5,365 million (US$754 million), primarily due to a significant drop in adjusted EBITA, which fell 78% to RMB9,073 million (US$1,274 million) [4][51] - Net income attributable to ordinary shareholders was RMB20,990 million (US$2,948 million), a 52% decrease year-over-year, while non-GAAP net income dropped 72% to RMB10,352 million (US$1,454 million) [4][59] - Diluted earnings per ADS were RMB8.75 (US$1.23), down 52% year-over-year, with non-GAAP diluted earnings per ADS at RMB4.36 (US$0.61), a 71% decrease [4][61] Segment Performance - Alibaba China E-commerce Group revenue increased by 16% year-over-year to RMB132,578 million (US$18,623 million), with customer management revenue up 10% [27][31] - Quick commerce revenue surged 60% year-over-year to RMB22,906 million (US$3,217 million), driven by order growth from "Taobao Instant Commerce" [31][34] - Cloud Intelligence Group revenue grew 34% year-over-year to RMB39,824 million (US$5,594 million), with public cloud revenue growth attributed to the adoption of AI-related products [36][17] - The All Others segment saw a 25% revenue decline to RMB62,969 million (US$8,846 million), primarily due to the disposal of Sun Art and Intime businesses [38] Strategic Initiatives - The company is focusing on enhancing user experience and operational efficiency in its quick commerce business, onboarding approximately 3,500 Tmall brands to improve product offerings [9] - Alibaba Cloud continues to lead the AI cloud market in China with a 35.8% market share, driven by comprehensive AI capabilities and strong customer adoption [19][17] Cash Flow and Investments - Net cash provided by operating activities was RMB10,099 million (US$1,419 million), a 68% decrease year-over-year, while free cash flow was an outflow of RMB21,840 million (US$3,068 million) [64] - As of September 30, 2025, cash and other liquid investments totaled RMB573,889 million (US$80,614 million) [5]