Alibaba: AI Business Officially Enters Commercialization Payback Period

On May 20, Alibaba Group Chairman Joe Tsai and CEO Eddie Wu jointly released a letter to shareholders, elaborating on Alibaba's strategic positioning, competitive advantages, and how the company will seize the next wave of growth opportunities. In the letter, it was stated that Alibaba's AI business has moved beyond the initial investment phase and has officially entered the commercialization payback period. AI is now driving a full-business upgrade of Alibaba Cloud, with growth momentum shifting from traditional computing and storage to model, computing power, and agent services.