capital · May 15, 2026
Alibaba Cloud Intelligence Revenue Accelerates 40% Amid AI Product Triple-Digit Growth
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Alibaba Group's Cloud Intelligence division posted 40% year-over-year external revenue growth to 30.2 billion yuan in the quarter ended March 31, 2026. AI-related product revenue surged with triple-digit gains for the eleventh consecutive quarter, fueled by launches of enterprise agents for office and coding alongside video generation models. The company projects AI products to comprise over 50% of cloud revenue within one year, shifting from prior dominance by traditional computing services. Adjusted EBITDA for the group fell 84% to 2.8 billion yuan due to heightened investments in AI infrastructure and e-commerce subsidies.
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