In the AI-driven global business landscape, Alibaba is drawing a highly robust growth curve.

With the release of the fourth-quarter 2025 financial report, Alibaba Group's revenue reached 284.843 billion yuan. Despite the volatile macro environment, a 9% year-over-year growth, excluding disposed businesses, still demonstrates the resilience of this industry giant. What has most excited the market in this report is the strategic "military order" proposed by the Group CEO Wu Yongming: within the next five years, the annual revenue from cloud and AI commercialization, including MaaS (Model as a Service), is expected to exceed 100 billion US dollars.

The foundation for this ambitious goal lies in the accelerating momentum already demonstrated by Alibaba Cloud:

Revenue Surge: This quarter, Alibaba Cloud revenue grew by 36% year-over-year, with external commercial revenue increasing by 35%.

AI Engine: Revenue from AI-related products has seen triple-digit growth for ten consecutive quarters, becoming a genuine growth engine.

Profitability: Adjusted EBITA reached 3.9 billion yuan, up 25% year-over-year, achieving a dual leap in scale and profit.

To achieve the milestone of 100 billion US dollars, Alibaba has disclosed its deep layout across the entire AI stack for the first time. This is no longer just a competition of algorithms but a comprehensive integration from underlying chips to top-level applications:

  • Chip Self-reliance: Tmall's self-developed GPU chips have achieved mass production and delivery, addressing the "bottleneck" concerns at the foundational computing power level.

  • Ecosystem Moat: The monthly active users of Tongyi Qianwen have officially exceeded 300 million, securing an absolute leading position in the large model application layer.

Additionally, the synergistic effects within the Alibaba ecosystem have undergone a qualitative transformation with AI's support. In this quarter, Alibaba's instant retail revenue grew by 56%, with continuous narrowing of losses, showing significant results from AI-optimized supply chain and fulfillment efficiency.

From "comprehensive cloud adoption" to "comprehensive AI transformation," Alibaba is, under Wu Yongming's leadership, transforming AI from a technological vision into a definitive commercial advantage. Behind the goal of 100 billion US dollars in five years lies Alibaba's ambition to redefine global cloud service standards and seize the highest point of technological dividends in the AI era.