Alibaba Cloud (AI cloud and compute)
External revenue growth accelerated to 45% in the June 2026 quarter.
The numbers
What it is
Alibaba Cloud sells public cloud, AI model services and compute capacity. Its growth is now led by AI demand, and it is the company's clearest profit growth engine.
Why it matters to the stock. Cloud is where the AI investment story is judged. Accelerating growth and rising segment profit support the case for heavy capacity spending.
News
Alibaba in early talks with Solaria over power for Spain data center
Bloomberg reported on October 2, 2026 that Alibaba has held preliminary talks with Spanish solar producer Solaria about supplying power to a possible data center at Puertollano, about 240 km south of Madrid.
Alibaba Cloud plans first regions in Türkiye, Finland and the Netherlands
Alibaba Cloud said on September 23, 2026 that it will open its first cloud regions in Türkiye, Finland and the Netherlands within the next 12 months, and expand data center presence in Malaysia, Germany, the UAE, France and Hong Kong.
Alibaba unveils Zhenwu V900 AI chip and 20 GW 2032 capacity goal
At the Apsara Conference in Hangzhou on September 22, Alibaba unveiled the Zhenwu V900 AI processor from its T-Head chip unit, which it says delivers three times the performance of the M890 with 216 GB of memory.
Alibaba prices HK$80 billion share placing to fund AI
Alibaba priced a placing of 710 million newly issued ordinary shares at HK$112.70 each, an aggregate of HK$80 billion (about US$10 billion) offered to non-US investors.
Alibaba June quarter: cloud revenue up 45%, net income down 75%
Alibaba reported June-quarter 2026 revenue of RMB268.95 billion, up 9% year over year.
Alibaba sets FY2026 dividend at US$1.05 per ADS, about US$2.5 billion
Alibaba's board approved an annual regular cash dividend for fiscal 2026 of US$0.13125 per ordinary share, or US$1.05 per ADS, totaling about US$2.5 billion.
Alibaba releases Qwen3.6-Max-Preview as a proprietary hosted model
Alibaba released Qwen3.6-Max-Preview on April 20, calling it its most capable model so far and an early preview that it will keep improving.
Alibaba December quarter 2025: revenue up 2%, non-GAAP EPS down 67%
Alibaba reported revenue of RMB284.8 billion for the quarter ended December 31, 2025, up 2% year over year, with cloud growing 36%.
Alibaba Cloud raises prices on AI computing and storage by up to 34%
Alibaba Cloud said it would raise prices on some AI computing products by 5% to 34%, and on its AI-oriented parallel file storage by about 30%.