Alibaba Financial Report: Cloud Revenue Grows 45% to Record High, Profit Surges 133%, Model Release Pace Accelerates

Alibaba Cloud's latest quarterly results show that AI cloud and computing services have become the core growth engine, with revenue scale breaking through 48.4 billion yuan. Adjusted EBITA grew significantly year-on-year, reflecting strong market demand for intelligent computing.

On the model technology front, Alibaba has recently intensified iterations across five major model categories, including large language, image, and speech models. Among them, the flagship model Qwen3.8-Max has a total parameter count of 2.4 trillion, and its coding capability ranks third in global arenas.

Revenue from AI-related products has maintained triple-digit year-on-year growth for 12 consecutive quarters, indicating an accelerated process of large model commercialization. Cloud vendors are driving business expansion through dual drivers of infrastructure and model services.

The comprehensive acceleration of model releases means industry competition has entered a fierce stage. Performance entering the top international tier helps enhance the company's voice and market share in the global AI ecosystem.

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