HANGZHOU: Alibaba Group Holding Ltd. (NYSE: BABA) announced strong financial results for the quarter and fiscal year ended March 31, 2025, with revenue growth fueled by its artificial intelligence and cloud businesses.
The Chinese e-commerce and tech giant reported a 7% year-over-year revenue increase for the quarter, reaching $32.58 billion (RMB 236.45 billion). Net income surged 1,203% to $1.65 billion (RMB 11.97 billion), boosted by equity investment gains and improved operational efficiency.
AI and Cloud Momentum
Alibaba’s Cloud Intelligence Group saw revenue grow 18%, with AI-related products posting triple-digit growth for the seventh consecutive quarter. The company highlighted strong adoption of its AI coding assistant, Lingma, and the recent launch of its open-source Qwen3 series models, positioning Alibaba as a leader in generative AI.
“Our ‘user first, AI-driven’ strategy continues to deliver results,” said CEO Eddie Wu, citing accelerating growth in core businesses.
E-Commerce and Shareholder Returns
– Taobao and Tmall Group recorded 12% growth in customer management revenue.
– Alibaba International Digital Commerce revenue rose 22%, driven by cross-border sales.
– The company repurchased $11.9 billion in shares in fiscal 2025 and approved $4.6 billion in dividends.
Full-Year Performance
For fiscal 2025, Alibaba’s revenue increased 6% to $137.3 billion (RMB 996.35 billion), while net income jumped 77% to $17.36 billion (RMB 125.98 billion). Free cash flow declined due to higher cloud infrastructure investments.
CFO Toby Xu expressed confidence in Alibaba’s outlook, emphasizing continued investment in core businesses and shareholder returns.
Business Segment Updates
– Cainiao Smart Logistics revenue fell 12% due to deeper e-commerce integration.
– Local Services Group (including Amap and Ele.me) grew 10%, narrowing losses.
– Digital Media & Entertainment revenue rose 12%, with Youku turning profitable