capital · May 16, 2026
Alibaba Reports Q4 Revenue of CNY 243.4 Billion with AI Cloud Growth
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Alibaba Group reported consolidated revenue of CNY 243.4 billion for the quarter ended March 31, 2026. Cloud Intelligence Group external revenue grew 40% year-over-year with AI-related products accounting for 30% of that revenue. AI-related product revenue achieved triple-digit growth for the 11th consecutive quarter and reached an annualized run rate of CNY 35.8 billion. CEO Eddie Wu stated the company launched Qwen3.6-Plus model with 1 million token context window and multiple enterprise AI agents for office and coding use cases. Alibaba plans to exceed its prior CNY 380 billion AI investment target over the next three years.
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