【导读】阿里年报披露变革成绩单，阿里致股东信聚焦AI 中国基金报记者 曹雯璟 6月26日晚间，阿里巴巴集团发布2025财年年报，再次交出一份积极的变革成绩单：在AI需求的强劲推动下，阿里云财年收入突破双位数 增长，AI相关产品收入连续七个季度实现三位数同比增长。淘天集团投入用户增长和体验提升，新买家强劲增长，88VIP会员规模超5000 万。跨境业务表现强劲，国际数字商业集团财年收入同比增长29%。 在致股东信中，阿里巴巴表示，阿里的基因里没有守成，只有创造。今天的阿里巴巴，正在以创业者的姿态，开启面向AI时代的全新征程。 净利润同比增长77% 阿里年报披露变革成绩单 年报显示，2025财年（2024年4月1日至2025年3月31日），阿里巴巴集团收入9963.47亿元，净利润同比增长77%至1259.76亿元。 年报显示，2025财年，阿里云服务了约63%的中国A股上市公司，阿里云模型平台"百炼"的用户数量呈现显著增长，阿里AI产品正在传统 垂直行业迅速渗透。 财年内，淘天集团客户管理收入（CMR）同比加速增长至6%。高质量消费群体88VIP会员规模增长至超5000万人，并继续展现出高留存 率。年报显示，2 ...

Core Insights - Alibaba Group's 2025 fiscal year report highlights a year of accelerated growth driven by the "User First, AI Driven" strategy, focusing on core businesses such as e-commerce and AI + Cloud [1][2][11] - The company emphasizes the transformative potential of AI over the next decade, viewing it as a key driver of change and a significant opportunity for future growth [1][9][12] Strategic Execution and Business Progress - The company has made significant progress in its e-commerce sector, with a focus on enhancing user experience and optimizing the merchant ecosystem, resulting in increased trust and accelerated business growth [4][11][12] - In the international e-commerce segment, Alibaba's international digital commerce group has seen strong revenue growth, bolstered by robust cross-border e-commerce performance [4][11] - The company has strategically exited non-core assets such as Hema Retail and Intime Department Store, while improving operational efficiency across various internet platform businesses, leading to profitability in segments like Whale Entertainment and Gaode [2][11] AI-Driven Strategy - AI is positioned as the core growth driver for Alibaba, with the company investing heavily in AI infrastructure and technology to enhance its competitive edge in the global tech landscape [5][12] - Alibaba Cloud has experienced double-digit revenue growth for the fiscal year, with AI-related product revenues achieving triple-digit growth for seven consecutive quarters [5][12] - The company has made significant strides in AI model research and innovation, launching the Tongyi Qwen 3 model, which has performed well in global evaluations, and has open-sourced over 200 models with more than 100,000 derivative models [6][12][13] Capital Management and Shareholder Returns - The company generated significant cash flow through strong performance in core businesses, optimizing capital allocation to maximize shareholder value [7][8] - Alibaba announced a total of $4 billion in annual and special dividends for the 2024 fiscal year and plans to distribute $4.6 billion for the 2025 fiscal year, alongside a share buyback program that reduced total share capital by 5.1% [7][8] Future Investment Focus - Alibaba plans to invest more in AI and cloud computing infrastructure over the next three years than in the past decade combined, aiming to establish "AI + Cloud" as a new growth engine [9][13] - The company is committed to maintaining an entrepreneurial mindset to seize opportunities in the AI era, positioning itself strategically in the cloud computing market in China and the Asia-Pacific region [9][13]

Group 1 - Alibaba Group reported a revenue of 996.347 billion yuan for the fiscal year 2025, with a net profit growth of 77% to 125.976 billion yuan [1] - Alibaba Cloud experienced double-digit revenue growth driven by strong AI demand, with AI-related product revenue achieving triple-digit year-on-year growth for seven consecutive quarters [1] - The international digital commerce group saw a revenue increase of 29% year-on-year, reflecting strong performance in cross-border business [1] Group 2 - The company successfully exited non-core assets such as Hema and Intime, enhancing operational efficiency across multiple internet platforms [1] - Alibaba has released and open-sourced over 200 models, with the latest model, Qwen3, achieving over 12.5 million downloads globally within a month of release [1] - Alibaba Cloud accelerated the internationalization of AI products, providing cloud computing services in 34 regions worldwide as of March 31, 2025 [1] Group 3 - The customer management revenue (CMR) for Taobao and Tmall accelerated to a 6% year-on-year growth, with the 88VIP membership exceeding 50 million [2] - The international retail business of Alibaba's International Digital Commerce Group (AIDC) achieved a 33% revenue growth, driven by the performance of AliExpress and Trendyol [2] - Alibaba optimized capital allocation by selling non-core assets, focusing on core business areas, and increasing strategic investments in AI [2] Group 4 - Lazada's unit economics improved, and the overseas e-commerce business is expected to achieve overall profitability in the next fiscal year [3] - The local life group saw a healthy growth in order volume, with significant loss reduction, and Gaode achieved quarterly profitability in Q3 [3] - The flagship AI application Quark saw rapid user growth, surpassing 200 million monthly active users by the end of fiscal year 2025 [3]

Artificial intelligence (AI) stocks have led the overall market higher over the past couple of years as investors bet on the ability of AI to supercharge companies' growth, and the movement continues. The AI market, set to reach into the trillions of dollars in a few years, still is in its early stages, and today's most-watched players, such as Nvidia and software company Palantir Technologies, won't be the only ones to benefit.In fact, cloud company Oracle (ORCL -2.20%) could be a surprise winner of the AI ...

Apple (AAPL 0.58%) was the defining stock of the late 2010s and into the early 2020s, but time is up for its leadership position. Although it's still the third-largest company in the world, Microsoft and Nvidia have overtaken Apple, likely for good, as the growth these two are putting up far surpasses Apple's.However, I don't think we've seen the last of companies surpassing Apple in terms of market cap over the next few years. I think we'll see Amazon (AMZN -0.43%) and Alphabet (GOOG 2.42%) (GOOGL 2.40%) s ...

The demand for cloud computing infrastructure used to help train artificial intelligence (AI) models and deploy them into production is increasing at an incredible pace. It's one of the main reasons why shares of CoreWeave (CRWV -7.63%) and Oracle (ORCL -2.20%) have been in fine form on the stock market in 2025.Both companies rent out AI-focused data centers powered by premium graphics processing units (GPUs) from the likes of Nvidia, AMD, and others. To meet the increasing demand, both companies are quickl ...

阿里云官网显示，6月26日11:07，阿里云监控发现视频直播、视频点播、CDN、DCDN等产品服务出现 异常，于当日11:44异常节点已下线。12:28受影响云产品已全部恢复。(科创板日报) ...

模型易得，落地难行。这几乎是当前企业智能化转型的集体困境。 在此背景下， 独立数据库厂商OceanBase 宣布其云数据库产品OB Cloud，已实现AI能力的开发部署及生态集成。 更引发行业关注的，是其已经取得的落地成绩—— 大模型热潮席卷全球，越来越多企业拥抱AI变革。一个普遍却棘手的难题横亘在眼前： 强大的基座模型并非万能钥匙， 如何让AI真正融入核心业务、解决实际问题并创造价值 ，成为从构想到落地的关键鸿沟。 白交 发自 凹非寺 量子位 | 公众号 QbitAI 关于ChatGPT刷新的纪录还有很多，比如上线17个月用户突破8亿、年搜索量是谷歌的5.5倍，而实现这些仅用了两年半时间。 以ChatGPT为代表，"AI正在成为移动互联网之后新一代基础设施"已经成为行业共识。 今年5月，Mary Meeker在AI趋势报告中写道，AI普及速度超越了历史任何一项技术创新。 AI不再是工具，而是平台级基础设施的接替者 。 已有涵盖电商零售、互联网服务、物流运输、智能设备、教育、企业服务等 数十家 不同行业的头部企业，基于 OB Cloud 率先实现了AI应 用从0到1的关键性落地。 从搜索与推荐、智能问答（RA ...

Core Viewpoint - Alibaba is focusing on helping Chinese enterprises expand globally, leveraging its cloud computing and AI capabilities to support this trend [2][3]. Group 1: Global Expansion of Chinese Enterprises - The trend of Chinese enterprises going global is becoming inevitable, with a shift from merely exporting goods to also including technology, brands, and high-end manufacturing [3][4]. - Chinese enterprises are increasingly high-end in their industries, diversifying their target regions from primarily Europe and America to a more global approach [2][3]. - The operational model for these enterprises is evolving towards localization and networking, indicating a shift from traditional export methods to a more integrated global collaboration [2][3]. Group 2: Alibaba Cloud's Role - Alibaba Cloud plans to invest over 380 billion yuan in building cloud and AI hardware infrastructure over the next three years, surpassing the total investment of the past decade [5]. - The cloud service will maintain a unified technical architecture and service platform for both domestic and international operations, providing comprehensive solutions for Chinese enterprises [4][5]. - Alibaba Cloud has already served 250,000 Chinese enterprises going global, covering various industries [5]. Group 3: Challenges Faced by Chinese Enterprises - Chinese enterprises face significant challenges in building their own infrastructure abroad, with high costs and risks associated with self-built data centers [3][9]. - The need for rapid deployment of key business systems globally is critical for supporting overseas market expansion [3][4]. - Compliance and operational efficiency are major concerns, with many enterprises recognizing the advantages of utilizing cloud services over self-built solutions [9][10]. Group 4: Industry Trends and Future Outlook - The automotive sector, particularly in electric vehicles, is emerging as a new leader in overseas expansion, with companies like GAC, Xpeng, and Changan actively exploring international markets [3][5]. - The demand for cloud services is expected to grow as more enterprises recognize the benefits of cloud computing in terms of cost, efficiency, and compliance [10][11]. - The global landscape for cloud services is evolving, with Alibaba Cloud's strategic combination of AI, public cloud, and international expansion potentially reshaping the competitive environment [6][10].

数据库云平台Snowflake发布的《生成式AI巨大投资》调查报告显示，投资回报率（ROI）：对于那些 具体量化了生成式AI项目ROI的企业，平均回报率为41%，即每投入100万美元，企业获得了141万美元 的商业价值。主要动机：企业采用生成式AI的主要动机包括提高运营效率（51%）、改善客户体验 （43%）和加速创新成果（40%）。预算预期：98%的企业预计在未来12个月内，生成式AI项目的预算 将在数据、模型、支持软件、基础设施或人员方面增加。（AIGC开放社区） ...