Alibaba Chairman and CEO Letter to Shareholders: AI-Driven Growth

In a letter to shareholders, Alibaba's Chairman Joe Tsai and CEO Eddie Wu emphasize the company is at a critical inflection point for AGI, with AI business entering a commercialization phase. Cloud Intelligence Group's external revenue growth accelerated to 40%, with AI-related revenue accounting for 30%. The company will continue investing in full-stack AI capabilities and advance its instant retail strategy.