Alibaba Group released FY2027 Q1 results. On the analyst call, CEO Wu Yongming said AI-driven cloud demand provides strong long-term revenue and margin upside; he expressed high confidence in reaching over $100bn in external cloud commercial revenue

2026-08-20

Alibaba Group released FY2027 Q1 results. On the analyst call, CEO Wu Yongming said AI-driven cloud demand provides strong long-term revenue and margin upside; he expressed high confidence in reaching over $100bn in external cloud commercial revenue by 2030 and said Alibaba Cloud has clear visibility to profit margins above 20%.