Alibaba announced that for the quarter ended June 30, 2026, net cash flow from operating activities was RMB 22.945 billion, an increase of 11% over RMB 20.672 billion in the same period in 2025. Free cash flow was a net outflow of RMB44.67 billion, compared to a net outflow of RMB18.815 billion for the same period in 2025. The decline in free cash flow is mainly due to increased spending on our cloud infrastructure. As at June 30, 2026, our cash and other current investments amounted to RMB 474.505 billion.

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