On the evening of June 26, Alibaba Group released its 2025 fiscal year annual report, handing in a positive transformation report card: In the past year, Alibaba has focused on the "user first, AI-driven" strategy, and its core business has accelerated growth. In fiscal year 2025, Alibaba Group's revenue was 996.347 billion yuan, and its net profit increased by 77% year-on-year to 125.976 billion yuan. Taobao's new buyers grew strongly, and Alibaba International Digital Business Group's revenue grew strongly by 29% year-on-year. Driven by the strong demand for AI, Alibaba Cloud's fiscal year revenue exceeded double-digit growth, and AI-related product revenue increased by triple digits for seven consecutive quarters, and "AI+Cloud" became a new engine.