Alibaba Group Holding Limited, a global leader in e-commerce and technology, has released its financial results for the quarter and six-month period ending September 30, 2025. The company reported a revenue of RMB 247.79 billion (approximately US$34.81 billion), reflecting a year-over-year increase of 5%. Notably, when excluding revenue from recently disposed businesses such as Sun Art and Intime, the revenue on a like-for-like basis would have increased by 15%.
Eddie Wu, the CEO of Alibaba, emphasized the company’s strategic investment in artificial intelligence (AI) and cloud technologies as a core focus area moving forward. The Cloud Intelligence Group experienced robust growth, with revenue surging by 34%. This success is attributed to an escalating demand for AI-integrated products, which have continued to achieve triple-digit growth for nine consecutive quarters.
Despite the positive growth in revenue, Alibaba reported a significant decline in its income from operations, which fell by 85% year-over-year to RMB 5.37 billion (US$754 million). Toby Xu, Alibaba’s CFO, explained that this decline primarily resulted from increased investments in quick commerce and user experience improvements, even as the company reinvested profits towards future growth.
In the six-month period ending September 30, 2025, Alibaba reported a total revenue of RMB 495.45 billion (US$69.60 billion), marking a 3% increase. Adjusted EBITA also saw a decrease of 44%, dropping to RMB 47.92 billion (US$6.73 billion), highlighting continued investments that support both immediate consumer needs and long-term infrastructure development.
Additionally, Alibaba reported a mixed performance across its business segments. The Alibaba China E-commerce Group saw an increase in customer management revenue by 10%, buoyed by an improved consumer experience and high retention rates. Conversely, the quick commerce segment experienced growth of 60% year-over-year, driven by a rise in order volumes associated with the rollout of their “Taobao Instant Commerce.”
In the international arena, Alibaba’s International Digital Commerce Group reported a revenue increase of 10%, reaching RMB 34.8 billion (US$4.89 billion), leveraging its established global reach and localized operations.
As of September 30, 2025, the company held cash and liquid investments totaling RMB 573.89 billion (approximately US$80.61 billion). This strong liquidity position puts Alibaba in a solid place to continue funding innovation and growth initiatives as it navigates the rapidly evolving technology landscape.
Alibaba’s commitment to enhancing its AI capabilities and cloud infrastructure underlines its ambition to remain at the forefront of digital commerce, aligning with consumer demands for efficiency and accessibility. This proactive strategy not only solidifies its market leadership but also positions Alibaba favorably amid increasing global competition.