people · May 16, 2026
Alibaba CEO Eddie Wu: Quick Commerce Unit Economics to Turn Positive by FY2027
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Alibaba CEO Eddie Wu expressed confidence that quick commerce unit economics will turn positive by the end of fiscal year 2027. The company reported adjusted earnings per ADS of 0.62 yuan missing estimates of 5.79 yuan. Cloud revenue grew 38% to 41.63 billion yuan with AI products at 30% of external revenue. Eddie Wu said Alibaba aims to maintain growth faster than the market average to cement absolute market leadership. The firm separated AI businesses into the Alibaba Token Hub group led by Wu.
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