Alibaba: Quarterly AI cloud and computing services revenue reaches RMB 48.437 billion

English summary

Alibaba (09988.HK) reported quarterly results for the quarter ended June 30, 2026. AI cloud and computing services revenue reached RMB 48.437 billion, with total and external customer revenue growth accelerating to 45% year-on-year. AI-related product revenue was RMB 12.376 billion, marking the twelfth consecutive quarter of triple-digit growth. According to Omdia, Alibaba Cloud ranked first in China's AI cloud market with a 38.1% share.