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Alibaba Group Holding Limited (NYSE: BABA, HKEX: 9988, 89988) announced its financial results for the quarter ended June 30, 2025, on August 29, 2025, reporting strong growth in its core e-commerce and cloud businesses driven by its focus on consumption and AI + Cloud strategies.
Revenue: RMB247,652 million (US$34,571 million), up 2% year-over-year; 10% growth on a like-for-like basis excluding disposed businesses.
Net Income: RMB42,382 million (US$5,916 million), up 76% year-over-year, driven by equity investment gains and disposals.
Customer Management Revenue: Grew 10% to RMB89,252 million (US$12,459 million).
Cloud Intelligence Group: 26% revenue growth, with AI-related products achieving triple-digit growth for eight quarters.
Taobao Instant Commerce: Launched April 2025, driving 25% increase in monthly active consumers by August.
AIDC Revenue: Up 19% to RMB34,741 million (US$4,850 million), with improved profitability.
Alibaba reported revenue of RMB247,652 million (US$34,571 million), a 2% increase year-over-year, or 10% excluding Sun Art and Intime disposals. Income from operations was RMB34,988 million (US$4,884 million), down 3% due to investments in Taobao Instant Commerce and user acquisition. Adjusted EBITA fell 14% to RMB38,844 million (US$5,422 million). Net income surged 76% to RMB42,382 million (US$5,916 million), boosted by mark-to-market gains and the disposal of Trendyol’s local consumer service business. Non-GAAP net income was RMB33,510 million (US$4,678 million), down 18%. Free cash flow saw an outflow of RMB18,815 million (US$2,626 million) due to cloud infrastructure and quick commerce investments. Cash and liquid investments stood at RMB585,663 million (US$81,755 million).
Alibaba restructured its operations, merging Taobao, Tmall Group, Ele.me, and Fliggy into Alibaba China E-commerce Group, with Cainiao, Amap, and Hujing Digital Media and Entertainment Group reclassified as “All others.” New segment reporting includes:
Alibaba China E-commerce Group
Alibaba International Digital Commerce Group (AIDC)
Cloud Intelligence Group
All others
Taobao Instant Commerce: Launched in April 2025, offering on-demand delivery for food, groceries, and apparel, boosting Taobao’s monthly active consumers by 25% in August’s first three weeks.
Customer Management Revenue: Grew 10% to RMB89,252 million (US$12,459 million), driven by improved take rates and software service fees.
6.18 Shopping Festival: Achieved strong consumer growth with enhanced merchant support.
88VIP Membership: Surpassed 53 million members, with double-digit growth, supported by improved value propositions.
Revenue: Increased 19% to RMB34,741 million (US$4,850 million), led by AliExpress and Trendyol’s cross-border performance.
Profitability: Significantly narrowed losses through logistics optimization and investment efficiency, with AliExpress’ Choice and Trendyol’s international business showing improved unit economics.
Expanded AI-powered tools for marketing and product listing on its wholesale platform.
Revenue Growth: Up 26% year-over-year, with AI-related products sustaining triple-digit growth for the eighth consecutive quarter.
Positioned Alibaba as a leader in AI-driven cloud infrastructure, meeting robust demand.
“Our strategic focus on consumption and AI + Cloud delivered strong growth,” said CEO Eddie Wu. CFO Toby Xu emphasized the strength of core businesses, enabling investments in quick commerce and AI while improving AIDC’s profitability. Alibaba aims to capture synergies across its ecosystem to drive long-term growth.
Alibaba Group is a global leader in e-commerce, cloud computing, and AI, operating platforms like Taobao, Tmall, and AliExpress. With a mission to make it easy to do business anywhere, Alibaba serves millions of consumers and businesses worldwide.
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