At Alibaba Group’s FY2026 Q3 earnings call, CEO Wu Yongming said Alibaba has
built a full-stack AI capability from AI infrastructure to applications and is
accelerating MaaS platform development. Over the past three months, token usage
in the public model service market on the Bailian MaaS platform rose sixfold,
with commercial MaaS revenue expected to become Alibaba Cloud’s largest revenue
source.