The Zhitong Finance App learned that on Tuesday, Alibaba (BABA.US) opened up more than 2% to $164. According to the news, Alibaba's second-fiscal quarter revenue was 247.80 billion yuan, up 5% year on year, slightly higher than market expectations, but adjusted net profit plummeted 72% year over year to 10.35 billion yuan, putting significant pressure on profitability. Cloud Intelligence Group became the highlight of the performance, with revenue surging 34% year over year to 39.82 billion yuan, exceeding market estimates of 37.99 billion yuan. Xu Hong, chief financial officer of Alibaba Group, said in the financial report that in the past four quarters, Alibaba's capital expenditure on AI+ cloud infrastructure was about 120 billion yuan. The revenue from the instant retail business was 22.06 billion yuan, an increase of 60% over the previous year, mainly due to the increase in order volume brought about by the “Taobao Flash Sale” launched at the end of April 2025.

The Zhitong Finance App learned that on Tuesday, Alibaba (BABA.US) opened up more than 2% to $164. According to the news, Alibaba's second-fiscal quarter revenue was 247.80 billion yuan, up 5% year on year, slightly higher than market expectations, but adjusted net profit plummeted 72% year over year to 10.35 billion yuan, putting significant pressure on profitability. Cloud Intelligence Group became the highlight of the performance, with revenue surging 34% year over year to 39.82 billion yuan, exceeding market estimates of 37.99 billion yuan. Xu Hong, chief financial officer of Alibaba Group, said in the financial report that in the past four quarters, Alibaba's capital expenditure on AI+ cloud infrastructure was about 120 billion yuan. The revenue from the instant retail business was 22.06 billion yuan, an increase of 60% over the previous year, mainly due to the increase in order volume brought about by the “Taobao Flash Sale” launched at the end of April 2025.