Alibaba: Net cash from operating activities reaches RMB 22.945 billion

English summary

Alibaba (09988.HK) reported quarterly results for the quarter ended June 30, 2026. Net cash from operating activities was RMB 22.945 billion, up 11% year-on-year. Free cash flow was a net outflow of RMB 44.670 billion, compared with a net outflow of RMB 18.815 billion in the same period of 2025, mainly due to increased cloud infrastructure spending.