Alibaba's earnings from commercialization of Alibaba Cloud's services will continue to accelerate on the basis of 40%.

On May 13, during the analyst conference call for the Q4 financial report of the 2026 fiscal year, Alibaba announced that in the coming quarters, the external commercial revenue of Alibaba Cloud will continue to accelerate on top of the 40% base. Due to the certainty of long-term demand for AI and Alibaba's full-stack technological advantages, it is expected that commercial revenue from the cloud will maintain high-speed growth in the medium to long term. "This means that AI is driving the overall business upgrade of Alibaba Cloud, with growth momentum shifting from traditional computing and storage to models, computing power, and Agent services," said Wu Yongming.