Alibaba Group Holding Limited Announced Q3 2026 Earnings on March 19, 2026, Reporting total revenue was RMB 284.8 billion.

Alibaba Group Holding Limited reported its financial results for the quarter, stating that total revenue was RMB 284.8 billion.

The company reported that GAAP net income for the quarter was RMB 15.6 billion, representing a decrease of 66 percent.

Operating cash flow for the quarter was an inflow of RMB 36 billion, and free cash flow for the quarter was RMB 11.3 billion.

Management noted that total adjusted EBITDA for the quarter decreased by 57 percent primarily due to strategic investments in technology-related innovation initiatives and the consumption front, including quick commerce business.

During the quarter, Alibaba maintained strong investment momentum in its two strategic priorities, AI plus cloud and consumption.

The Cloud Intelligence Group saw revenue from external customers accelerate to 35 percent for the quarter, with AI-related product revenue delivering triple-digit year-over-year growth for the tenth consecutive quarter.

The company announced the establishment of the new Alibaba Token Hub Business Group as the organizational foundation for executing its AI strategy, alongside the launch of Wukong, an enterprise AI agent platform.

Management also highlighted that T-Head proprietary GPU chips achieved scaled mass production, having cumulatively shipped 470,000 AI chips as of February 2026.On the consumption front, the China e-commerce group generated quarterly revenue of RMB 159.3 billion.

The company reported that revenue from its quick commerce business increased 56 percent to RMB 20.8 billion during the quarter.

Management noted that this quick commerce expansion drove Taobao app monthly active consumers to double-digit year-over-year growth and demonstrated clear synergies with traditional e-commerce.

Looking forward, management established a business goal for its AI strategy over the next 5 years to surpass USD 100 billion in combined cloud and AI external revenue, including mass.

For the consumer segment, the company maintains a target of achieving over RMB 1 trillion in Quick Commerce GMV by FY 2028.

Management stated they expect to generate positive cash flow when the GMV target is achieved and expect the Quick Commerce business to be profitable in FY 2029.