Alibaba: AI-related product revenue achieves triple-digit year-over-year growth for the 11th consecutive quarter

According to Alibaba's (09988.HK) financial report, for the quarter ended March 31, 2026, Cloud Intelligence Group's revenue was RMB 41.626 billion (USD 6.035 billion), a year-over-year increase of 38%. Notably, external commercialization revenue growth accelerated to 40% year-over-year. This growth momentum was primarily driven by an increase in public cloud business revenue, including the adoption of AI-related products. During the quarter, AI-related product revenue maintained strong momentum, reaching RMB 8.971 billion, achieving triple-digit year-over-year growth for the eleventh consecutive quarter.