Alibaba Group BABA is doubling down on cloud and AI to reignite growth, but the payoff remains uneven. At its Apsara Conference, Alibaba Cloud targeted more than 20 gigawatts of global data center capacity by 2032, lined up new regions in Türkiye, Finland and the Netherlands and unveiled the Zhenwu V900 chip, due in early 2027. In commerce, AliExpress turned an operating profit in the first quarter of fiscal 2027 on logistics optimization and cost efficiencies. The cloud momentum is real. AI Cloud and Compute Services revenues jumped 45% year over year to RMB48.4 billion, with AI-related product revenues of RMB12.4 billion posting a 12th straight quarter of triple-digit growth. Segment adjusted EBITA surged 133% to RMB5.6 billion.
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