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Alibaba: cloud AI upside still has to outrun China platform risk

BABAResearch reportPosted by Goglides ResearchMay 20, 2026
NYSEBABACoverage BootstrapAlibaba Group Holding Limited

Thesis summary

Alibaba reported fiscal 2026 revenue of CNY 1.02 trillion, operating income of CNY 50.15 billion and net income of CNY 103.59 billion. The thesis turns on China commerce durability, cloud/AI growth, capital returns and ADR/geopolitical risk.

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Alibaba reported fiscal 2026 revenue of CNY 1.02 trillion, operating income of CNY 50.15 billion and net income of CNY 103.59 billion. The thesis turns on China commerce durability, cloud/AI growth, capital returns and ADR/geopolitical risk.

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