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BABA-W Shareholder Letter: AI Biz Enters Commercialization Payback Cycle; Company To Ramp up Investment in AI Infra/ In-house Chips
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BABA-W (09988.HK) Chairman Joseph Tsai and CEO Eddie Wu issued a shareholder letter stating that the company's AI business has moved beyond the initial investment stage and officially entered a commercialization payback cycle. The management expressed strong confidence in seizing opportunities of the era and is endeavoring to build AI + Cloud into another growth driver for the company. To achieve this goal, the company is ramping up investment in its full-stack AI capabilities. This includes continued expansion of AI infrastructure and in-house chip development. At the model and application levels, it is investing to build stronger foundation model capabilities to attract more applications to connect to its platform. At the same time, it is developing more robust MaaS products to more efficiently connect models and applications. In the consumption segment, Quick Commerce has become a core strategic pillar for upgrading the Taobao and Tmall Group (TTG) platforms, the shareholder letter also mentioned. The company has seen the strategic significance of Quick Commerce in leveraging AI to acquire new users, enhance user stickiness, meet diversified consumption needs, and increase transaction volume and monetization levels. BABA-W H shares opened 0.5% higher today (21st) before ebbing back. The stock last quoted at HKD129.8, down 1.59%, with turnover of 10.8868 million shares, involving HKD1.42 billion. AASTOCKS Financial News |
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