Alibaba’s Cloud Intelligence Group posted revenue of $4.66 billion in fiscal Q1, compared with $4.15 billion in the same quarter last year

In sum – what to know:

Cloud revenue surged 26% – Alibaba Cloud posted $4.66B in Q1 2026, outpacing the company’s overall 2% growth, with AI-related revenue sustaining triple-digit expansion.

$53B capex commitment – Alibaba spent $5.4B last quarter on cloud and AI, despite supply chain risks tied to chip restrictions, and plans $53B over three years.

SAP partnership expands – A new deal positions Alibaba Cloud as SAP’s global partner, deploying Qwen AI models to support enterprise AI transformation services worldwide.

Alibaba Group’s cloud computing arm reported a 26% year-on-year revenue increase in its latest quarterly results, underscoring th

See Full Page