capital · May 21, 2026
Alibaba Chairman Joe Tsai and CEO Eddie Wu Issue Shareholder Letter on AI Commercialization
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Alibaba Chairman Joe Tsai and CEO Eddie Wu issued a May 20, 2026 shareholder letter declaring AI has moved beyond initial investment into full-scale commercialization. Cloud Intelligence Group external revenue grew 40% in Q4 fiscal 2026 with AI products at 30% of that revenue. Alibaba released three Qwen family updates in the past three months including Qwen3.7-Max for agents and agentic coding. Alibaba launched Wukong AI-native agentic platform for enterprises and scales investments in T-Head chips and full-stack AI. Alibaba Group Chairman Joe Tsai and CEO Eddie Wu signed the May 20, 2026 letter detailing Qwen app launch in November 2025.
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