Wu Yongming: In the past four quarters, Alibaba has invested over 100 billion yuan in the research and development of AI infrastructure and AI products.

At the analyst conference call for Alibaba Group's Q1 of the fiscal year 2026, Wu Yongming stated that this quarter, Alibaba's Capex investment in AI+ cloud reached 38.6 billion yuan, with over 100 billion yuan already invested in AI infrastructure and AI product development over the past four quarters. At the end of February, Alibaba announced a 380 billion yuan investment over the next three years to build cloud and AI hardware infrastructure. Alibaba's investment in AI has begun to show results, "whether it is Alibaba Cloud's rapid growth in AI demand from customers, or the upgrade of AI experiences in a wide range of to C and to B scenarios, we can see a clearer path for Alibaba's high-speed growth driven by AI," said Wu Yongming.