Alibaba Group reported strong performance in its financial report for the third quarter of the fiscal year 2025, with revenue reaching 280.15 billion yuan, an increase of 8% year-on-year; net profit reached 46.434 billion yuan, a remarkable growth of 333% year-on-year.
CEO Wu Yongming stated at the press conference that over the next three years, the company will significantly increase its investments in cloud computing and AI infrastructure, with the expected scale of investment surpassing the total of the past decade. Wu is confident that focusing on e-commerce and the "AI + Cloud" development strategy will bring new business opportunities to the company. The company will concentrate on three main business types: domestic and international e-commerce, AI and cloud computing technology, and internet platform products.
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The financial report shows that Alibaba Cloud's revenue grew by 13% year-on-year, while revenue from AI-related products has achieved triple-digit growth for six consecutive quarters. This indicates that Alibaba's investments in AI technology are yielding significant returns. Furthermore, to further optimize its balance sheet, Alibaba has taken strategic measures, including selling non-core assets, conducting share buybacks, and extending debt maturities. The company also plans to sell its entire stake in Gao Xin Retail and Intime to better focus resources on its core business.
Wu Yongming mentioned that Alibaba is embracing the challenges and opportunities of a new technology cycle, hoping to drive the company's long-term development through technological innovation. He believes that with the continuous advancement of AI and cloud computing, Alibaba will maintain its leading position in the fiercely competitive market.
Key Highlights:
🌟 Alibaba achieved revenue of 280.15 billion yuan and net profit of 46.434 billion yuan in the third quarter of fiscal year 2025, representing year-on-year growth of 8% and 333%, respectively.
🚀 Over the next three years, Alibaba's investment in cloud and AI infrastructure will exceed the total of the past decade.
💼 The company is optimizing its balance sheet through the sale of non-core assets and share buybacks, focusing resources on e-commerce and AI-related businesses.
