Recently, Alibaba Group released its annual report for FY2025, reporting a revenue of CNY 996.347 billion, a 6% year-on-year increase, and a net profit of CNY 125.976 billion, up 77%.
Driven by the demand for AI, Alibaba Cloud's annual revenue achieved double-digit growth, with AI-related product revenue showing triple-digit year-on-year growth for seven consecutive quarters. The cross-border business performed strongly, with the International Digital Commerce Group's annual revenue increasing by 29%.
2025 Fiscal Year Revenue of International Digital Commerce Group
Source: Alibaba Official Website
In AI, Alibaba launched and open-sourced several models over the past year, covering all sizes, modalities, and scenarios. The latest model, Qwen 3, released in April, leads in performance on several global benchmark lists. As of the end of April, Alibaba Qwen had open-sourced over 200 models, with global downloads exceeding 300 million, and the number of derivative models from the Qwen series exceeding 100,000, making it the world’s largest open-source model family. With Qwen as the base, Alibaba has accelerated AI upgrades across its businesses, including Taobao, Tmall, 1688, Alibaba.com, etc.
As the largest cloud service provider in the Asia-Pacific region, Alibaba Cloud has accelerated the internationalization of its AI products to support Chinese companies' global expansion. The annual report shows that by March 31, 2025, Alibaba Cloud provided cloud computing services to 34 regions worldwide.
In overseas e-commerce, benefiting from strong cross-border e-commerce performance, Alibaba's International Digital Commerce Group (AIDC) maintained robust growth in FY2025. AIDC manages businesses like Lazada, AliExpress, Trendyol, and Alibaba.com. The report indicates that by March 31, AliExpress had expanded to over 200 countries and regions worldwide. For FY2025, driven by revenue growth from AliExpress and Trendyol, AIDC’s international retail business saw a 33% revenue increase. In addition, Lazada, one of Southeast Asia's largest online shopping platforms and Alibaba’s flagship e-commerce platform in the region since 2016, continued to improve its unit economics. The overseas e-commerce business is expected to achieve overall profitability in the next fiscal year's single quarter. Previously, Alibaba’s main international operations were in Southeast Asia (Lazada), South Asia (Daraz), East Asia, the Middle East, and Africa (Trendyol). The opening of the AliExpress Germany site to local sellers in May further signals Alibaba’s acceleration into the European market.