Alibaba Q3 Financial Report: Alibaba Cloud Revenue Surges 36%, AI Revenue Achieves Triple-Digit Growth

格隆汇 March 19｜Alibaba Group's fiscal year 2026 Q3 financial report shows that the Group's revenue reached 284.843 billions RMB. Excluding the disposed business revenue from Intime and Sun Art Retail, revenue increased by 9% year-on-year. Alibaba Cloud's revenue accelerated by 36%, surpassing Bloomberg's consensus expectations. AI-related product revenue has achieved triple-digit growth for ten consecutive quarters. Alibaba AI Agent made breakthroughs on both fronts: the C-end application "Qianwen" has over 300 millions monthly active users across all platforms, becoming a national-level application; the B-end platform "Wukong" has launched public beta, forming a dual flagship structure. The MaaS platform business is experiencing rapid growth.