On August 29th, Alibaba released its Q1 financial report for the 2026 fiscal year, with AI+cloud Capex investment reaching a historic high of 38.6 billion yuan. Implementation of AI Large Model; N consecutive issues; Eight new data centers have been launched, and businesses such as Gaode and DingTalk are fully AI enabled. The AI+cloud business has performed strongly, with Alibaba Cloud's revenue growth accelerating to 26%, reaching a three-year high. AI related product revenue has achieved double-digit year-on-year growth for eight consecutive quarters. Alibaba Group CEO Wu Yongming stated that the company will continue to firmly invest in the two strategic priorities of big consumption and AI+cloud, seize historical opportunities, and achieve long-term growth.
This quarter, the implementation of the Tongyi AI big model; N consecutive issues; The non thinking basic model, reasoning model, AI programming model Qwen3 Coder, and video generation model Wan2.2 of Qianwen 3, which have successively opened up new versions, have won global open source championships in mainstream fields such as basic models, programming models, and reasoning models. In early August, Alibaba open-source the new Wensheng Image model Qwen Image, which topped Hugging Face's model list on the same day. On August 22nd, Alibaba also released the Agentic programming platform Qoder, which is based on powerful programming agents and can achieve AI independent research and development, greatly improving the development efficiency of real software.
In February of this year, Alibaba announced an investment of 380 billion yuan over the next three years to build cloud and AI hardware infrastructure. Alibaba is fully committed to AI investment and is becoming a full stack AI technology company with AI computing power, AI cloud platform, AI models, open source ecosystem, and AI applications. Since the beginning of this year, Alibaba Cloud has deployed 8 new AI and cloud data centers and availability zones globally, including in Beijing, Shanghai, Hangzhou, Thailand, South Korea, Malaysia, Dubai, and Mexico, to meet domestic and international cloud computing and AI needs. In the second half of this year, Alibaba Cloud's global infrastructure layout will expand to 30 regions and 95 availability zones.
In the field of AI products and applications, Alibaba has a rich scenario of "to C" and "to B". Many Internet platform businesses are upgrading through AI to create new user and industry value. In August, Gaode Map announced its comprehensive AI transformation and launched the world's first map based AI native application - Gaode Map 2025, which will popularize spatial intelligence to rapidly changing real-world scenarios and have the opportunity to become an important new entry point for future life services through AI upgrades. Recently, DingTalk has completed its latest AI upgrade and launched the next generation of AI office application forms; DingTalk ONE; To create the world's first Agent driven work information flow and explore the next generation of work application forms.
