Letter from Alibaba's Chairman and CEO to Shareholders
Alibaba's Chairman Joe Tsai and CEO Eddie Wu released a letter to shareholders, emphasizing the company's entry into the AI agent era and increased investment in full-stack AI. Cloud Intelligence Group's external revenue growth accelerated to 40%, with AI-related products accounting for 30%. The company launched the Qwen app and Wukong enterprise platform, and is focusing on quick commerce.
Impact and considerations
Alibaba's strategic shift towards AI and quick commerce may impact its e-commerce and cloud ecosystem, with potential implications for travel and business services relying on its platforms.
Key points
- Alibaba enters AI agent era, scaling up full-stack AI investments.
- Cloud Intelligence Group external revenue growth of 40%, with AI-related products at 30%.
- Launched Qwen app and Wukong enterprise platform.
- Focus on quick commerce to meet 30-minute delivery expectations.
Sources and time
- Primary source
- Alibaba Group
- Other sources
- 0
- First source publication
- 20 May 2026, 08:00
- Page published
- 4 Sept 2026, 12:10
- Last updated
- 20 May 2026, 08:00
- Original links
- Alibaba Group News：Letter from our Chairman and our CEO-Alibaba Group (opens in a new tab)Primary source · en · Published 20 May 2026, 08:00