Alibaba Group (9988 HK / BABA) Q3 (CNY): Revenue 284.8bln (prev. 289.8bln), Adj. EBITDA 34.1bln (exp. 39.6bln), well-positioned to drive growth on both enterprise AI and consumer AI fronts

• Rapid growth of AI+ cloud businesses in recent quarters gives confidence to scale investments, further strengthening full-stack Ai capabilities.

Other Q3 metrics:

• China e-commerce group revenue +6% Y/Y.
• Cloud intelligence unit revenue +36% Y/Y.
• Qianwan surpasses 300mln monthly active users in February