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

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