Alibaba Group recently released its financial results for the first quarter of the 2025 fiscal year, with Alibaba Cloud standing out particularly. The financial report shows that Alibaba Cloud's revenue increased by 6%, reaching 26.549 billion yuan, and its AI-related product revenue achieved a triple-digit growth, while its public cloud business also saw double-digit growth. Adjusted EBITA profit increased by 155%, reaching 2.337 billion yuan.
Alibaba Cloud stated that it will continue to invest in customer and technology areas, especially in AI technology and infrastructure, to promote the adoption rate of cloud computing in AI applications and maintain its market-leading position.
In the open-source field, the download volume of Alibaba Cloud's Tongyi Large Model has exceeded 20 million. This quarter, Alibaba Cloud released the globally most powerful open-source model Qwen2-72B, which performed excellently in multiple fields and topped the HuggingFace Open LLM Leaderboard. Companies like Kingsoft Office have also announced the integration of Alibaba Cloud's Tongyi Qianwen, upgrading product functions based on large model technology.
Alibaba Cloud also fully supported the Paris Olympics, becoming the exclusive cloud service provider for the Olympics, providing cloud computing and AI services for the Olympic Broadcasting Services Company. Cloud computing surpassed satellites for the first time to become the main method of Olympic broadcasting, and Alibaba Cloud's AI technology was widely used in the Paris Olympics, enhancing the quality of event broadcasting and audience experience.
Alibaba Cloud's Bai Lian Large Model Platform has also been fully upgraded, offering one-stop, fully managed large model customization and application services. Through significant price reduction strategies, the number of Bai Lian paid users increased by more than 200% quarter-on-quarter, attracting well-known companies such as FAW, Weibo, and Kingsoft as customers.