capital · May 17, 2026
Alibaba Reports Q4 Profit Doubling to CNY25.5 Billion Amid AI Investments
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Alibaba Group reported net profit of CNY25.5 billion in the March quarter, up 106% from a year ago. Revenue rose 3% to CNY243.4 billion while Cloud Intelligence Group revenue surged 38% to CNY41.6 billion with AI products at an annualized run rate of CNY35.8 billion. CEO Eddie Wu stated Alibaba will overshoot its CNY380 billion AI capex plan and sees clear ROI in the next three to five years. Alibaba swung to negative free cash flow of CNY17.3 billion from CNY3.7 billion inflow a year earlier due to AI spending.
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